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SRA Accounts Rules for Fee Earners in SRA-Authorised Law Firms

Are you a fee earner in an SRA authorised law firms? Are you confident in dealing with residual and historic balances for client accounts? Are you aware of the SRA’s role as a risk-based regulator and what this means when considering client money?  

By completing this course you’ll gain a comprehensive overview of the SRA Principles and Codes of Conduct, the purpose, application and common mistakes when dealing with the SRA Accounts Rules 2019. 

 

Required prior knowledge

This course does not assume any prior knowledge. 

What this will cover

In this course, we’ll be looking at the following areas: 

  • SRA Principles and Codes of Conduct 
  • The SRA’s role as a risk-based regulator and what this means when considering client money   
  • An overview, purpose and application of the SRA Accounts Rules 2019 
  • Common mistakes and who is responsible for compliance with the Accounts Rules.
Learning outcomes

After completing this course, you will be able to: 

  • Understand the purpose of the Accounts Rules, the meaning of client money and the correct use of a client account  
  • Identify duties owed to the client when handling client money including the payment of interest  
  • Be aware of the significance of the banking prohibition  
  • Gain insights into dealing with costs and the duty to account to the client at the end of your instructions  
  • Identify and deal with issues regarding residual and historic balances  
  • Improve your knowledge of the common misunderstandings when dealing with account Rules 
  • Understand the role of the fee earner in handling client money  
  • Be aware of the role of the firm’s Compliance Officer for Finance and Administration and other senior managers in the firm. 
How you will learn

Course format 

This interactive online training consists of the following elements. 

An interactive course presentation, with a variety of knowledge checks spaced throughout, to test understanding of the material as the learner progresses. 

Online assessment 

Our modules conform to Web Content Accessibility Guidelines 2.1. However, some members may require an alternative version for accessibility purposes. This is available upon request via our contact us form. 

Assessment 

In order to pass the assessment you must achieve a mark of 70%. 

The knowledge checks included in the course presentation are intended to aid your understanding of the content and offer the opportunity to apply your knowledge. They do not form part of the assessment. 

Length 

The course will take approximately 45 minutes to complete, excluding assessment. 

No. of items Discount
11 – 19 15%
20 – 29 20%
30 – 39 25%
40 + 30%
£57.89 ex VAT
Type of training
CPD
Format
Bitesize
Level
Intermediate
Who is this for?
Practice managers
Course length
45 mins
Assessment type
MCQs (Multiple Choice Questions).
SRA Competence
A1

The experts

Tracy Calvery
Tracey Calvert

Expert

View expert bio