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SOLICITORS (NORTHERN IRELAND) ORDER 1976 - SECT 34

34.(1) Regulations may make provision

(a)for requiring a solicitor, in such cases as the regulations may prescribe,
either

(i)to keep on deposit in a separate account at a bank for the benefit of the
client money received for or on account of a client; or

(ii)to make good to the client out of the solicitor's own money a sum
equivalent to the interest which would have accrued if the money so received
had been so kept on deposit;

(b)for defining the cases in which a solicitor may be required to act in
accordance with the regulations by reference to the amount of any sum received
or to the period for which it is or is likely to be retained or both; and

(c)for enabling a client (without prejudice to any other remedy) to require
that any question arising under the regulations in relation to the client's
money shall be referred to and determined by the Society.

(2) Except as provided by regulations, a solicitor shall not be liable by
virtue of the relation between solicitor and client to account to any client
for interest received by the solicitor on money deposited at a bank, being
money received or held for or on account of his clients generally.

(3) Nothing in this Article or in regulations made thereunder shall

(a)affect any arrangement in writing, whenever made, between a solicitor and
his client as to the application of the client's money or interest thereon; or

(b)apply to money received by a solicitor being money subject to a trust of
which the solicitor is a trustee.

© 1976 Crown Copyright

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