Appendix 1: Flowchart – effect of Solicitors' Accounts Rules 1998
Tabular version
This document uses hypertext links in order to present a text representation of the flowchart used in the Solicitors' Accounts Rules 1998.
A diagram of the flowchart can be downloaded.
Preliminary Questions
| 1. Is money held or received by a solicitor |
| In a purely personal capacity? |
go to A |
| In course of practice? |
go to 2 or, for a solicitor operating a client's own account, go to F |
| 2. How is the money held? |
| The solicitor is alone entitled to the money |
go to I |
| In his or her capacity as solicitor on account of a person or trust for whom solicitor is acting |
go to III |
| As stakeholder |
go to III |
| As liquidator, trustee in bankruptcy or Court of Protection deputy |
go to IV |
| As trustee of an occupational pension scheme |
go to IV |
| As the holder of a joint account |
go to VI |
Nature of money
Treatment under the Solicitors' Accounts Rules 1998
| A. |
Not subject to Accounts Rules - must not be paid into a client account |
| B. |
Must not be paid into a client account unless allowed under rule 19 (receipt and transfer of costs) |
| C. |
Must be paid into a client account |
| D. |
Modified application of Accounts Rules - see rule 9 |
| E. |
Limited application of Accounts Rules - see rule 10 |
| F. |
Not client money but subject to limited application of Accounts Rules - see rule 11 |
| For all other aspects of the Solicitors Accounts Rules go to 1 |
Downloadable document(s)