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Interest Payment to Clients

Interest Payment to Clients

 1. The Guidance With interest rates increasing, law firms are finding themselves in a position, for the first time in a long time, that sums of interest are exceeding the de minimis level in their terms and conditions. This clause in the terms and conditions is there...
Increased Fining Powers for SRA Now in Place

Increased Fining Powers for SRA Now in Place

1. Introduction The Ministry of Justice (MOJ) has changed the maximum fine the SRA can issue to “traditional” firms and those working within them. Legislation now in effect means that the regulator can directly issue fines of up to £25,000, up from the previous limit...