This policy explains how Ola Leslie Solicitors LLP accounts to clients for interest on money held in our client account, in accordance with the Solicitors Regulation Authority (SRA) Accounts Rules 2019.
We hold client money in a general client account unless otherwise agreed. We will account to clients for a fair sum of interest, having regard to:
As a general rule, we do not account to clients for interest unless the amount calculated exceeds £100. This threshold reflects the administrative cost of operating and managing client accounts.
Where interest due is less than £100, it will normally be retained by the firm.
Interest is calculated by reference to the interest rate applied by our client account bank from time to time, adjusted to reflect a fair sum rather than a strict pass-through of gross interest.
Interest is normally calculated from the date cleared funds are received into our client account until the date the funds are paid out.
Where a significant sum of money is held (normally £50,000 or more) and is expected to be retained for a longer period, you may request that the funds are placed in a designated client account.
Where a designated client account is used:
It is your responsibility to declare any interest received to HM Revenue & Customs where required.
We do not provide tax advice in relation to interest payments.
We do not pay interest on:
This policy forms part of our Terms and Conditions for conveyancing and other legal services.
If you have any questions about this policy or how interest is calculated on client money held for you, please contact us.
Last reviewed: [13 January 2026]
Ola Leslie Solicitors LLP
Authorised and regulated by the Solicitors Regulation Authority
10 Whitehorse Mews, 37 Westminster Bridge Road,
London, SE1 7QD
“Ola Leslie Solicitors LLP is a limited liability partnership. Registered in England and Wales. Registered no: OC374424.
Regulated by the SRA and registered under SRA ID: 612672”
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