Bar Council champions proposal to use client money to boost legal aid
City law firms may help to fund the Ministry of Justice (MoJ) under new proposals to pool all client money into a nationwide account. A joint Bar Council and Law Society committee is debating plans to create a single account into which all firms would be obliged to deposit client money, with a percentage of the interest accrued siphoned off by the Government.
June 01, 2010 at 12:50 AM
2 minute read
City law firms may help to fund the Ministry of Justice (MoJ) under new proposals to pool all client money into a nationwide account.
A joint Bar Council and Law Society committee is debating plans to create a single account into which all firms would be obliged to deposit client money, with a percentage of the interest accrued siphoned off by the Government.
One Crown Office Row's Guy Mansfield QC and Clifford Chance litigation partner Simon Davis will co-chair the committee for the Bar Council and Law Society respectively, with other members including Chancery Bar Association chairman Michael Todd QC as well as representatives from insurers and banks.
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