Solicitors Accounts Rule 13

Money held by the solicitor as a trustee

Money held by a solicitor as an agent

Money held by a solicitor as bailee

Money held by a solicitor as stakeholder

Money held by a solicitor as the donee of a power of attorney

Money held by a solicitor as trustee in bankruptcy

Money held by the solicitor as Court of Protection deputy

Money held by the solicitor as trustee of an occupational pension scheme

Money held or received for payment of unpaid professional disbursements (fees of counsel or other lawyer, or of a professional or other agent or expert instructed by the solicitor)

Money held or received for unpaid SDLT, Land Registry Registration Fees, Court Fees,

Money held or received as payment on account of costs generally

Money held or received as commission paid in respect of a solicitor's client (unless under £20 or permission given under R2.02 Solicitors' Code of Conduct)

Money held by solicitor liquidators, trustees in bankruptcy, Court of Protection deputies and trustees of occupational pension scheme

Money held jointly with another person outside the practice (for example, with a lay trustee, or with another firm of solicitors)

An advance to a client from the solicitor which is paid into a client account under rule 15(2)(b)

If the SRA intervenes in a practice, money from the practice held or received by the SRA's intervention agent subject to a trust under Schedule 1 paragraph 7(1) of the Solicitors Act 1974

Money held or received by a solicitor in the course of his or her employment when practising in one of the capacities listed in rule 5 (persons exempt from the rules)

Money held or received in connection with running the practice; for example, PAYE, or VAT on the firm's fees

Payments received in respect of fees due to the practice against a bill or written notification of costs
incurred, which has been given or sent in accordance with rule 19(2)

Payments for disbursements already paid by the practice

Disbursement = any sum spent or to be spent by a solicitor on behalf of the client or trust (including any VAT element)

Disbursements incurred but not yet paid by the practice, but excluding unpaid professional disbursement

Money paid for or towards an agreed fee.

Agreed fee = one that is fixed - not a fee that can be varied upwards, nor a fee that is dependent on the transaction being completed. An agreed fee must be evidenced in writing.

Money held in a client account and earmarked for costs under rule 19(3) (transfer of costs from client account to office account)

Money held or received from the Legal Services Commission as a regular payment

Regular payment = standard monthly payments paid by the Commission under the civil legal aid contracting arrangements and the criminal legal aid contracting arrangements; and any other payments for work done or to be done received from the Commission under an arrangement for payments on a regular basis

Money involved in a personal or office transaction for a principal or principals (e.g. a conveyancing)

Where the firm acts for a principal and a lender.

Money held or received on behalf of the lender

Where the firm acts for a principal and another person, e.g. his/her spouse.

Money held or received for them jointly.

Money held or received in a transaction for an assistant solicitor, consultant or non-solicitor employee, or (if it is a company) a director, or (if it is an LLP) a member