Cashflow problems?

Many practitioners will have experienced delays in payment as a result of ongoing processing issues at the LSC – see our various posts on this issue.

The Law Society have written to the major banks alerting them to the issue and have had positive responses from Lloyds TSB, Santander, RBS and Nationwide. The Society asked for leniency from the banks towards firms experiencing cashflow issues, and advises firms to discuss with their bank how much they are owed and the impact of delays.

 

 

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