Where we hold money in a general client account on behalf of a client, or if money should have been held on the client’s behalf in the general client account and was not, then we will account to the client for a sum in lieu of interest, according to our payment of interest policy which is published on our website and is subject to subject to the following provisions:

Interest will not be paid if the sum of money held is not exceeding the amount shown in the left column below for a time not exceeding the period indicated in the right column:

Amount       Period

£1,000        8 weeks

£2,000        4 weeks

£10,000      2 weeks

£20,000      1 week

Interest will not be paid if the total amount calculated for the period that cleared funds are held is less than £30.00.

We will not account for any interest:

• on money held for payment of a professional disbursement if the payee has requested we delay the payment;

• on any advance from this firm into our general client account to fund a payment on the client’s behalf in excess of any funds already held for the client;

• if there is a written agreement to contract out of the provisions of this policy;

• if the client has notified us in writing at the outset of the case that they are unable to accept interest on religious grounds;

• interest which has accrued on any sum where the client has failed to present a cheque issued without good reason.

The current rate of interest that we will pay is 0.5%