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Solicitor – Practice. The Chancery Division considered whether a statutory trust created when the Solicitors Regulation Authority (SRA) intervened in the business of a limited liability partnership extended to money that could be shown to have belonged to the practice when it had been conducted in the name of the partnership that had proceeded it. The court held that, on the true construction of the word 'practice' in para 6(2) of Pt II of Sch 1 to the Solicitors Act 1974, the money in issue fell within the scope of the trust imposed on the applicant solicitor by the SRA.
Solicitor – Practice. The Chancery Division considered whether a statutory trust created when the Solicitors Regulation Authority (SRA) intervened in the business of a limited liability partnership extended to money that could be shown to have belonged to the practice when it had been conducted in the name of the partnership that had proceeded it. The court held that, on the true construction of the word 'practice' in para 6(2) of Pt II of Sch 1 to the Solicitors Act 1974, the money in issue fell within the scope of the trust imposed on the applicant solicitor by the SRA.
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Westgate Wealth Management Ltd is a Partner Practice of FTSE 100 company St. James’s Place – one of the top UK Wealth Management firms. We offer a holistic service of distinct quality, integrity, and excellence with the aim to build a professional and valuable relationship with our clients, helping to provide them with security now, prosperity in the future and the highest standard of service in all of our dealings.
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