Practice and Procedure

Barristers plan escrow scheme for holding client money

PUBLISHED December 6, 2011

The bar is looking into a scheme to allow barristers to hold client money through proxies, the incoming head of the bar said in his inaugural speech last night.

Michael Todd QC, who will take up office in January, said he is chairing a working group led by the Bar Council?s member services team to examine the feasibility of a service that would provide entities regulated by the Bar Standards Board and public access barristers with an escrow account facility in which client monies could be placed.

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