City law firms may help to fund the Ministry of Justice (MoJ) under new proposals to pool all client money into a nationwide account. A joint Bar Council and Law Society committee is debating plans to create a single account into which all firms would be obliged to deposit client money, with a percentage of the interest accrued siphoned off by the Government.
June 01, 2010 at 12:50 AM
1 minute read
The original version of this story was published on Legalweek
City law firms may help to fund the Ministry of Justice (MoJ) under new proposals to pool all client money into a nationwide account.
A joint Bar Council and Law Society committee is debating plans to create a single account into which all firms would be obliged to deposit client money, with a percentage of the interest accrued siphoned off by the Government.
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