SRA Accounts Rules

SRA Accounts Rules are regulations for solicitors and law firms in England and Wales, ensuring they handle client money responsibly. They mandate proper procedures for safeguarding client funds, maintaining accurate records, and keeping separate ledgers for client accounts. The rules aim to prevent misuse or misappropriation of funds, promote transparency, and provide confidence that client money is protected. Essentially, they set standards to ensure legal professionals manage client finances ethically and securely, fostering trust in legal services.