Business management

How do I request money on account from a commercial client?

I act for a commercial client. I’ve been told that a letter requesting money on account is insufficient for its accounts department. Is there a solution to this problem?

If you’re requesting funds on account of costs already incurred, you can issue an interim bill on account of costs that is no more than a request for monies on account where a final bill will be delivered later.

An interim bill must:

  • identify costs already incurred
  • not include any future costs

It can cover the minimum charges incurred to date and need not be a comprehensive quantification of all the work done that will be included in the final bill.

In contentious matters, any request for money on account of future costs must comply with section 65(2) of the Solicitors Act 1974.

In non-contentious matters, such a request must be in accordance with an agreement with the client.

Disclaimer

While every effort has been made to ensure the accuracy of the information in this article, it does not constitute legal advice and cannot be relied upon as such. The Law Society does not accept any responsibility for liabilities arising as a result of reliance upon the information given.

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