Interest on Lawyers’ Client Accounts Scheme: Law Society Member Consultation
As reported in last week’s newsletter the Ministry of Justice is consulting on the implementation of a proposed scheme to be run by them initially, in which solicitors would have to remit 75% of the interest earned on pooled client accounts and 50% of interest on individual client accounts to the MoJ to “help strengthen the justice system”. Every firm holding a client account will be affected, regardless of firm structure, whether you currently receive any interest or how you handle it.
The National Law Society is holding a webinar on Thursday 22 January 2026, between 12 to 1 pm, to understand what these proposals mean for you in practice.
You will also have the opportunity to share your views by responding to polls during the live session on some of the questions being asked by the Ministry of Justice.
Find out more about the webinar and book your place here.
Manchester Law Society will be submitting our own response to the consultation which firms are welcome to contribute to (anonymously). If you would like to contribute or join the working party please contact [email protected] by 23 January 2026.