Tag Results
Legal consultancy becomes first SRA firm to use BARCO
Thursday, 24 March 2016The Legal Director, a legal consultancy which provides in-house lawyers to businesses on a contract basis, has become the first firm regulated by the Solicitors Regulation Authority to use the Bar Council’s third-party escrow account, BARCO.
Tags: Bar Council, BARCO, Solicitors Regulation Authority
Posted in Barristers, Latest news, Regulation, Solicitors
First law firm regulated by the SRA gains access to BARCO
Wednesday, 9 December 2015The Solicitors Regulation Authority has issued its first waiver to a law firm it regulates to allow it to use the Bar Council’s escrow service BARCO, with three other firms in the pipeline, it has emerged.
Tags: Bar Council, bar standards board, BARCO, escrow, Solicitors Regulation Authority
Posted in Barristers, Latest news, Solicitors
Bar Council in deal with credit specialist to finance fees
Tuesday, 10 March 2015The Bar Council has joined forces with a legal credit finance specialist to enable direct access barristers to offer payment plans to their clients. BARCO, the Bar’s escrow account, will hold the loans obtained for clients by Legal Cost Finance.
Tags: Bar Council, BARCO, Legal Cost Finance
Posted in Finance, Latest news
SRA rejects bid to give law firms open access to BARCO
Thursday, 4 December 2014A request by the Bar Council for law firms to be given automatic access to BARCO has been rejected by the Solicitors Regulation Authority, it has emerged.
Tags: Bar Council, BARCO, Solicitors Regulation Authority
Posted in Barristers, Latest news, Regulation, Solicitors
Chambers sign up to escrow account pilot after FSA gives green light
Thursday, 10 January 2013Ten chambers have signed up to the pilot of Barco, the Bar Council’s third-party escrow account that will allow barristers to handle client money. It follows the Financial Services Authority granting regulatory approval for the service under the Payment Services Regulations.
Tags: Bar Council, BARCO
Posted in Accounts rules, Barristers, Latest news
Barristers to return all interest to clients with new account facility
Monday, 1 October 2012Barristers using the new escrow account so they can deal with client money will not retain any interest, it has emerged. The Bar Council’s BARCO scheme should also prove difficult to defraud, according to the man who has led its development.
Tags: Bar Council, BARCO, Barristers, client account interest
Posted in Barristers, Latest news
Barristers to have facility to deal with client money from next year
Thursday, 27 September 2012Barristers will soon be able to offer a full range of legal services after the Bar Council unveiled a third-party escrow account which will hold client money. All funds are to be held in a ring-fenced account with Barclays.
Tags: Bar Council, BARCO
Posted in Barristers, Finance, Latest news
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Keeping the conversation going beyond Pride Month
As I reflect on all the celebrations of Pride Month 2024, I ask myself why there remains hesitancy amongst LGBTQ+ staff members about when it comes to being open about their identity in the workplace.
Third-party managed accounts: Your key questions answered
The Solicitors Regulation Authority has given strong indications that it is headed towards greater restrictions on law firms when it comes to handling client money.
Understanding vicarious trauma in the legal workplace
Vicarious trauma can happen to anyone who works with clients who have experienced trauma such as domestic or other violence, child abuse, sexual assault, torture or being a refugee.
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