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JGM
JGM, Solicitor
Category: Law
Satisfied Customers: 11155
Experience:  30 years as a practising solicitor.
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does a solicitor have to account for interest on client's money

Resolved Question:

does a solicitor have to account for interest on client's money which he has been holding for 8 years in his own client's account?
or,can he swallow it up? and, refuse to account for the interest on it?
Submitted: 2 years ago.
Category: Law
Expert:  JGM replied 2 years ago.
Thank you for your question.
A solicitor has to account to his client for all funds held and interest on those funds. If he doesn't do so he is in brech of his professional responsibility to his client and can be reported.
If he continues to ignore you, report him to the Law Society.
I hope this helps.
Please leave a positive response so that I am credited for my time.
JGM and 2 other Law Specialists are ready to help you
Customer: replied 2 years ago.
He has held £200 k for 8 years and ignores all letters and requests to account for interest
Should I issue proceedings for specific performance as I have complied in full with everything 2 years ago?
Expert:  JGM replied 2 years ago.
The Law Society would probably be quicker but yes you can do that legally.