The Law Society is moving to green-light law firm plans to plough expired client funds into pro bono initiatives as it emerges magic circle giant Clifford Chance (CC) has added its support to the move.
A professional ethics committee at Chancery Lane has drawn up a paper that is expected to approve the proposals, which were championed by Lovells earlier this year and could potentially generate million of pounds annually for pro bono. The plan would see cash from the accounts of former clients that firms have lost contact with over a long period of time channelled back into pro bono work.
