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Regulating a reluctant profession: Holding solicitors to account

Chandler, Roy A.; Fry, Nadine

Authors

Roy A. Chandler

Nadine Fry Nadine.Fry@uwe.ac.uk
Head of Department of Accounting, Economics and Finance



Abstract

Solicitors are often placed in a position of trust where they hold money on behalf of their clients. Instances of the misuse of clients' money have been a recurring feature in the history of the legal profession in England and Wales. Yet the legal establishment was slow to impose the same standards of accountability on its members which had long been expected of other members of society and continued to prevaricate many years after the need for financial regulations had been demonstrated through a series of scandals. This paper provides a detailed review of the evolution of basic accounting regulations governing the legal profession. © 2008 Elsevier Ltd. All rights reserved.

Citation

Chandler, R. A., Chandler, R., & Fry, N. (2008). Regulating a reluctant profession: Holding solicitors to account. Accounting Forum, 32(4), 303-312. https://doi.org/10.1016/j.accfor.2008.07.002

Journal Article Type Article
Publication Date Jan 1, 2008
Journal Accounting Forum
Print ISSN 0155-9982
Electronic ISSN 1467-6303
Publisher Taylor & Francis (Routledge)
Peer Reviewed Peer Reviewed
Volume 32
Issue 4
Pages 303-312
DOI https://doi.org/10.1016/j.accfor.2008.07.002
Keywords legal profession, regulation, accountability, clients’ money, solicitors’ accounts rules
Public URL https://uwe-repository.worktribe.com/output/1010221
Publisher URL http://dx.doi.org/10.1016/j.accfor.2008.07.002