Hand over client account interest, firms to be told

Government targets law firms’ client account interest to help fund justice system

Could hit high street firms hardest, Law Society warns The government has set out bold plans to help fund the justice system by taking up to three-quarters of the interest earned on law firms’ client accounts, a move that has sparked warnings about the impact on smaller high street firms. Under a new consultation on an Interest on Lawyers’ Client Account (ILCA) scheme, the Ministry of Justice wants to claim a hefty 75% of the interest generated …

MoJ sets out plans to fund justice system with interest on client accounts

MoJ sets out plans to fund justice system with interest on client accounts: The government has set out proposals to use interest on lawyers’ client accounts as “a crucial source of funding" to support and enhance services in the

Hand over client account interest, firms to be told

Ministry of Justice opens consultation on proposals for ‘sustainable justice system’.