When the Law Society of Ireland conducts an inspection (audit), one thing they’ll be looking closely at is your client account. Unresolved client balances, no matter how small, can raise compliance red flags and result in unwanted scrutiny.
The problem?
Even the most diligent firms can find themselves holding client funds that have been sitting untouched for months, or even years. Common causes include:
Uncashed cheques – perhaps the client lost the cheque or simply never got around to lodging it.
Outdated contact details – clients move house, change email addresses, or switch phone numbers without updating you.
Deceased clients – where no one has been in touch to finalise the matter, but funds remain in your client account.
Why this matters
The Law Society expects solicitors to take active steps to return client money promptly. Failing to resolve these balances could be interpreted as a breach of regulations and could affect your audit outcome.
How Finders International can help
Our Clearing Client Balances service makes it easy to resolve lingering balances quickly, efficiently, and in full compliance with Law Society expectations.
We can trace clients anywhere in Ireland – and internationally if needed – using our extensive research resources.
Where the client is deceased, we can locate and verify rightful heirs, so funds are distributed correctly.
We provide you with a clear paper trail of our tracing efforts, giving you documented proof of compliance.
The result?
Your client account is clean, your audit is smoother, and you can get on with running your practice without the shadow of unresolved balances hanging over you.
Whether your next audit is approaching or you simply want peace of mind by proactively resolving residual balances, Finders are here to help – talk to us today about our Clearing Client Balances service.
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