Client: Shieldpay Operations Limited
Format: Whitepaper
Size: 1.02 MB
Language: English
Date: 08.12.2025
Beyond the Client Account: Why Law Firms Must Rethink Client Money Management Now
The legal sector is at a turning point. Regulatory scrutiny is rising, operational risks are mounting, and high-profile failures have exposed the fragility of traditional client accounts. While the SRA has paused immediate reform, its direction of travel is clear: firms must be ready to demonstrate greater transparency, security, and compliance.
This white paper is your practical guide to navigating that change. It doesn’t advocate abandoning client accounts, but it does show why forward-thinking firms are exploring Third-Party Managed Accounts (TPMAs) as part of a hybrid approach. Inside, you’ll find:
This white paper is your practical guide to navigating that change. It doesn’t advocate abandoning client accounts, but it does show why forward-thinking firms are exploring Third-Party Managed Accounts (TPMAs) as part of a hybrid approach. Inside, you’ll find:
- Evidence-based insights into the risks and limitations of traditional client accounts.
- Myth-busting clarity on TPMAs and how they enhance client protection without compromising control
-
Exclusive research revealing law firm attitudes and adoption trends:
- 68% of firms are concerned about the risks of holding client money.
- 72% would consider TPMAs for complex transactions.
- 84% support a hybrid model for flexibility and compliance. - A step-by-step roadmap for assessing readiness and planning change before it’s mandated.
Whether you’re a sole practitioner or a top-50 firm, this guide will help you protect your clients, your reputation, and your future. Download now and discover how to achieve control without compromise.
