Client Interest Policy

It is the policy of Express Solicitors Limited (the Firm) to pay its clients, a fair sum of interest on funds held on their behalf in the Firm’s client bank account, in accordance with Rule 7.1 of the SRA Accounts Rules.

Interest due, if any, will be calculated at conclusion of our clients’ instructions and based on the deposit rates received by the Firm on its client bank account during the period in which client monies were being held.

Client interest will only be paid where it is equitable to do so, with due consideration to the administrative cost to the Firm of operating a client bank account. If the calculated total interest is less than £50, then no payment will be made, on the basis that it is a de minimis amount.

This policy will be reviewed periodically by the firm’s compliance officer for finance and administration (COFA) to ensure that it continues to be fair and reasonable.