The Law Society updated webpage and details about our upcoming webinar are now available:
- Our updated webpage: Interest on lawyers’ client accounts (ILCA) | The Law Society
- Our member consultation webinar on Thursday 22 January 2026, 12 to 1pm:
Interest on Lawyers’ Client Accounts Scheme: Law Society Member Consultation (Thursday 22 January 2026) – Law Society LMS
Please read and respond to the MoJ’s consultation (deadline for responses is 9 February 2026).
Ministry of Justice (MoJ) announced a consultation on “interest on lawyers’ client accounts (‘ILCA’) scheme” which would require solicitors to hand over 75% of the interest on client accounts to the MoJ.
You can view the consultation in full here: https://www.gov.uk/government/consultations/interest-on-lawyers-client-accounts-scheme
Unlike similar schemes that we are aware of in other jurisdictions, the money would not be earmarked for access to justice projects but would instead go into general MoJ funding.
The MoJ is seeking views on the practical implications of what they are proposing and there is a very short deadline of 9th February 2026 to respond.
We welcome views from firms and organisations, particularly regarding the practical problems they envisage with the scheme and what the impact would be on their viability if the changes are introduced.
We also intend to take the following steps:
- the Law Society will host a webinar for members and polling opinions on the proposals in the next couple of weeks to support our consultation response (details will go out in Professional Update)
- We are seeking an urgent meeting with the Justice Minister; and
- We are encouraging members and our colleagues at Local Law Societies to submit their own responses too
If you have comments to make us aware of directly, please do so as soon as possible and no later than 23 January 2026. As above, we would encourage you to also submit independent responses to this consultation on behalf of your firms and Local Law Societies.
