Tag Results
How direct access barristers can accept fees on account – without holding client money
Thursday, 13 November 2025For direct access barristers, dospay’s TPMA structure offers a straightforward route to accepting fees on account while remaining fully compliant with Bar Standards Board rules.
Tags: dospay
Posted in associate news
Construction Retentions Reform: The UK Retention Deposit Scheme
Tuesday, 14 October 2025The Department for Business & Trade is consulting on major changes to retentions in construction, have your say before 23 October.
Tags: dospay
Posted in associate news
Compliance update: High-value/luxury dealers
Thursday, 1 May 2025By Legal Futures Associate dospay Why are luxury traders under increasing regulatory scrutiny? Historically, anti-money laundering (AML) regulations have concentrated on cash-heavy industries. However, as financial criminals evolve, regulatory focus has widened to include high-value transactions conducted through bank transfers or… Read More
Tags: dospay
Posted in associate news
UK Retention Deposit Scheme: A guide for lawyers
Thursday, 20 February 2025In the wake of ISG’s collapse in 2024, the team at dospay launched the Retention Protection Pledge. With over 20 signatories in the first few weeks of existence, it was clear that more was needed.
Tags: dospay
Posted in associate news
Escrow accounts vs. Third-Party Managed Accounts
Thursday, 13 February 2025Law firms and their clients often encounter two distinct financial arrangements: escrow accounts and Third-Party Managed Accounts (TPMAs).
Tags: dospay
Posted in associate news
Introducing the Security for Expenses Scheme: a cost-free solution for building owners
Monday, 6 January 2025Security for Expenses arises in the context of building works being carried out by a building owner who shares a party wall with a neighbour.
Tags: dospay
Posted in associate news
Understanding Probate TPMAs: A comprehensive guide
Friday, 29 November 2024In this article, we’ll explore what these accounts are, who can open them, the steps involved, and how they function.
Tags: dospay
Posted in associate news
Construction: Launch of the Retention Protection Pledge
Monday, 30 September 2024With the recent news that ISG has entered administration, the spotlight has returned once more to the challenges and risks facing contractors and sub-contractors in the UK’s construction sector.
Tags: dospay
Posted in associate news
Proceeds of sale/divorce: What duty do you owe a client who will be receiving a large deposit from your client account? Towards zero-risk
Tuesday, 3 September 2024Does a firm’s duties extend to ensuring that the client understands the risks posed to their hard-earned funds by such an arrangement? We think so.
Tags: dospay
Posted in associate news
Construction Escrow: The saviour of ‘pay now, argue later’?
Monday, 15 January 2024Robert Fenwick Elliott is credited with coining the phrase ‘pay now, argue later’ in the context of construction operations as he advised Lord Howie in early 1996 on how the statutory adjudication process (which came to exist in the Construction Act 1996) should work.
Tags: dospay
Posted in associate news
Blog
Change in regulator shouldn’t make AML less of a priority
While SRA fines for AML have been climbing, many in the profession aren’t confident they will get any relief from the FCA, a body used to dealing with a highly regulated industry.
There are 17 million wills waiting to be written
The main reason cited by people who do not have a will was a lack of awareness as to how to arrange one. As a professional community, we seem to be failing to get our message across.
The case for a single legal services regulator: why the current system is failing
From catastrophic firm collapses to endemic compliance failures, the evidence is mounting that the current multi-regulator model is fundamentally broken.
