Draft SRA Accounts Rules 2018

The SRA has published its recent decisions and consultation response documents.

http://www.sra.org.uk/sra/consultations/accounts-rules-review.page

The SRA say these decisions were reached after extensive engagement for around 11,000 people and a wide range of organisations, both before and during the consultation. They state they have listened to and responded to feedback from solicitors, law firms, the general public and representative bodies.

New Handbook will not be implemented before Autumn 2018.

They will be consulting on phase 2 of Looking to the Future, which includes the rest of the rules and their approach to enforcement, later on this year. All of the Handbook changes will be implemented together.

Linetime's legal accounts software is fully compliant with all SRA accounting rules.