Advocates
The statutory provision regulating the handling of client’s monies is covered in the advocate's act.
Principle of the rules:
- To require a lawyer to keep client's money separate from his own money;
- To ensure that a lawyer keeps adequate records of his transactions so that his books show money received and paid and balance held on account of each client;
- To ensure that one client's money is clearly distinguished from that of other clients and from any other money passing through the lawyer's accounts.
Wide effects of the rules:
- That money received by a lawyer who does not belong to him should be dealt with through the client account;
- That his own money is kept in an office account.