Relative was using a solicitor to sell/ purchase home and received letter from same last week advising that solicitor's accountant had discovered that 40k held in error in client's account over 2 years after transactions complete.
Is this typical? Our relative thinks only 'found' by solicitor as she had complianed to Law Society re. same solicitor some weeks ago re. other smaller financial/ legal irregularities
Yeah but...In a reasonably sized firm doing a lot of conveyancing there would be several hundred thousand going through client accounts on a weekly basis, particularly over the past few years.
... doesn't sound like a "reasonably sized firm"?The firm has 4 solicitors i think.
Yeah but...
... doesn't sound like a "reasonably sized firm"?
I'm just wondering if there was something else going on in the background? was there a significant dispute about anything), what were the other complaints ( how long someone was qualified?) and particularly, when I see " what extra can she look for"?
A very significant amount of complaints about solicitors are, in fact, because of personality clashes and are unwarranted and a lot of clients use the Law Society as a serious stick to beat their solicitor with out of malice. Many cases are absolutely valid and are dealt with, with serious repercussions for the solicitors involved.
I'm sure that the original poster can clarify on these points?And I share MF1's doubts about whether we have all the facts.
...And I share MF1's doubts about whether we have all the facts.
I suspect we may be missing some key information as well.
One of the most useful pieces of work in "closing out" conveyencing / inheritance work my solicitors have done is the final statement of account, a simple double-entry accounting of all monies received and paid out.
I don't know if this is common practice or something my guys do off their own bat, but surely this would highlight any funds not accounted for, in this case the 40k apparently due to the client but not paid.
Is it possible that this is one of the oversights in this case?
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