The Legal Services Commission notified the Law Society today that it will be delaying payments to solicitors due in March until the start of the next financial year in April.
Chancery Lane said the LSC had said this was due to the ‘cash position’ in which it found itself due to obligations demanded of it by the Ministry of Justice.
The Law Society has written to the main clearing banks alerting them to the problems that legal aid firms may face as a result of this. It will also be writing to the MoJ to request that the payments are made on time.
Full Article:
http://www.lawgazette.co.uk/news/lsc-delays-payments-due-cash-position-problems
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