I should know this but can't remember exactly. If memory serves, yes, solicitors earn interest on the client account funds cos they're all lumped in together. Solicitor accounts are heavily regulated, though. Clients are entitled to the interest, I think, on their money, but I don't think solicitors need to volunteer it (just produce it upon request). I can check this out for you if you really need to know.
Solicitors are obliged to account to their clients for interest earned on their money if it is above something like €100.00. In general you will find that solicitors try to draw down funds for your benefit at least 5 working days before closing is due so that it has cleared and is available for you when you want to close. It's a bit of a balancing act because sometimes closing doesnt occur exactly when it is supposed to due to various reasons.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?