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If "money paid for fees and disbursements for which the firm is liable to be treated as it's own money" comes in and the firm goes bust then the specially preferred, preferred and then the secured creditors get it first before those to whom it is due... That hardly seems right. Do they really mean 'can be used as if it were the firm's own money? There are some solicitors I would not even trust with clients' money in a client account. Letting them use it in this way is just asking for trouble.

"Is this your money with which you are buying this new Bentley, Mr Crawford?"

"No actually it's not, Mr Bentley, actually it's yours, but the Law Society's new rules say that's all right, so it must be all right then, mustn't it?"

"Over my dead body, Mr Crawford. That was paid to you when you promised that you and that high speed barrister would keep me out of prison on those clocking and other charges and that's what you're going to use it for!. And if you don't you'll find yourself in Carey Street!"

"Actually LS is in Chancery Lane!"