INTRODUCING SHIELD PAY – OUR NEWEST MLS ADVANTAGE MEMBER – the UK’s leading Third-Party Managed Account and Digital Corporate Escrow provider

  • 13/12/2019

On 25th November 2019, the new SRA Accounts Rules came into force. Rule 11 officially provides the ability for firms to use Third-Party-Managed Accounts (TPMAs) as an alternative to holding client monies. TPMAs will not be appropriate for every firm, but TPMAs can be a great option for firms looking to reduce their risk exposure to handling client money and in the case of specific transactions or arrangements; such as commercial rent deposits, trust and guardianship accounts, retention amounts and escrow arrangements.

Shieldpay is proud to become the latest Manchester Law Society (MLS) Advantage Member. Trusted by a growing number of law firms across all practice areas and sizes, Shieldpay is the UK’s leading Third-Party-Managed Account and Digital Corporate Escrow provider. Shieldpay’s multi-award winning platform streamlines KYC/AML, client money processes and gives you full transparency on the status of funds at all times.

Shieldpay is authorised and regulated by the FCA, funds held by Shieldpay are safeguarded and held with tier 1 banks. Shieldpay is able to process transactions of any size and hold funds in escrow for whatever period of time required. Shieldpay is a global partner of Visa Inc., won “Innovation of the Year” at the Modern Law Awards 2019 and the 2019 Legalex/ESTAS Conveyancing Award.

As an introductory offer, Shieldpay is offering MLS members: • 10% discount to any MLS members on their first year Third-Party-Managed Account contract; and • 20% off any Corporate Escrow transactions instructed in December 2019, January or February 2020

Please contact [email protected] for further information and to book a demo.

Our MLS Advantage partners all offer special packages to Manchester Law Society members.

To find out more about the services our MLS Advantage partners offer please click HERE