Regulating a reluctant profession: Holding solicitors to account

Chandler, R. and Fry, N. (2008) Regulating a reluctant profession: Holding solicitors to account. Accounting Forum, 32 (4). pp. 303-312. ISSN 0155-9982

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Publisher's URL: http://dx.doi.org/10.1016/j.accfor.2008.07.002

Abstract

Solicitors are often placed in a position of trust where they hold money on behalf of their clients. Instances of the misuse of clients’ money have been a recurring feature in the history of the legal profession in England and Wales. Yet the legal establishment was slow to impose the same standards of accountability on its members which had long been expected of other members of society and continued to prevaricate many years after the need for financial regulations had been demonstrated through a series of scandals. This paper provides a detailed review of the evolution of basic accounting regulations governing the legal profession.

Item Type:Article
Uncontrolled Keywords:legal profession, regulation, accountability, clients’ money, solicitors’ accounts rules
Faculty/Department:Faculty of Business and Law > Department of Accounting, Economics and Finance
ID Code:12486
Deposited By: Dr N. Fry
Deposited On:05 Jan 2011 11:25
Last Modified:03 Jan 2014 18:11

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