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Paul McCluskey
3 min read
The Risk of Relying on a Single Bank: Why Law Firms Need a Contingency Plan
On Friday, 31st January, a major UK bank experienced a system outage , leaving both individuals and businesses unable to process...


Paul McCluskey
3 min read
Don't Leave Your Client Account Rates to Chance
As the economic landscape shifts, law firms face mounting pressure to keep a close eye on the interest rates applied to client accounts....


Paul McCluskey
2 min read
Why Law Firms Should Act Now: Understanding TPMAs and Their Impact on Your Practice
The Solicitors Regulation Authority (SRA) consultation on consumer protection is intensifying scrutiny on how client funds are managed....


Paul McCluskey
5 min read
Reassessing Client Account Interest: Navigating Regulatory Changes for Financial Stability
Handling client money is a core responsibility for law firms, with an associated obligation to pay a fair sum of interest to clients. The...

Paul McCluskey
3 min read
Less Trick, More Treat: "Escape the Frighteningly Low Rates Banks Pay on Your Deposit Funds"
As Halloween approaches, thoughts turn to spooky tales and ghoulish surprises. But one horror story that’s all too real is the chillingly...


Paul McCluskey
2 min read
Why Law Firms Should Take Action in Response to Banks Lowering Interest Rates on Client Money
In the current economic climate, many law firms are facing a growing challenge: banks are reducing interest rates on client accounts,...

Gemstone Legal
4 min read
Maximising returns on client money before the interest rate falls. Is your law firm leaving money on the table?
Even at the best of times, it is hard to accurately predict economic conditions in the future. There is always the possibility of...


Paul McCluskey
2 min read
Are you ready to earn more interest on your client monies?
Overcoming the challenges associated with economic instability looks set to trouble individuals and businesses alike in 2023. Increased...


Paul McCluskey
4 min read
Law firm banking - a decade of change
Heraclitus, the Greek philosopher and pioneer of wisdom, is quoted as saying "change is the only constant in life”. Never has this been more


Paul McCluskey
2 min read
TPMAs offer a new way of working to gain operational efficiencies
Technology is having a profound impact at all levels of our society. Nowhere is this truer than in the UK legal sector, where this is a...


Paul McCluskey
2 min read
I Demand You Show Me The Money
The Solicitors Regulation Authority recently confirmed, that effective from 25th November 2019 the new rules will come into effect. These...