Rule 15 Legal Practitioners’ Accounts Rules 1964

Rule 15 of the Legal Practitioners’ Accounts Rules 1964 is under Part III (Trust accounts). It provides as follows:

Where a legal practitioner holds or receives a cheque or draft which includes money subject to a trust or trusts of which the solicitor is solicitor-trustee:

(a) he shall where practicable split such cheque or draft and, if he does so, shall deal with each part thereof as if he has received a separate cheque or draft in respect of that part; or

(b) if he does not split the cheque or draft, he may pay it into a client account as permitted by these Rules.