Workflows / Billing, Time & Finance / Financial reporting & budgeting / pp-0270 pp-0270 Law firm completing a £50M M&A deal needs to hold completion funds in escrow, but using the firm's own client account means regulatory risk, staff time reconciling, and the SRA breathing down their neck about client money handling 1 vendors roles affected 5 practice areas 2
Also reported as Conveyancing firm handles 500 property completions a month and each one requires receiving, holding, and disbursing client money on the same day — one error means a family can't move into their new home and the firm faces an SRA complaint Who feels this pain
Practice areas corporate real-estate
Vendors (1)
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