Solicitor – Client's account. Ten of eighteen loans made by the defendant, a former solicitor, had been made with money improperly taken from the client account of the solicitor's firm of which he had been the principal. The Chancery Division held that, in principle, any loans made by the defendant using money derived from the client account had vested in the claimant Law Society on the date of its intervention in the firm, together with the right to recover them. It followed that none of those loans had vested in the defendant's trustee in bankruptcy, and any assignment of the benefit of them made by the trustee had been ineffective.