Public policy towards solicitors holding client money is all over the place, divided crudely between those who want client accounts to continue, and those who want them gone. The SRA has raised the spectre of solicitors not holding client money at all. (For the record: the SSB failure does not concern client money, but is rather a case involving the high-volume claims market and the functioning of after-the-event insurance). Is it too much to hope that there has there been communication between the MoJ (client money is good for our coffers) and the SRA (client money is bad for consumer protection) while this has been playing out? It is questionable whether such large sums are in any case held nowadays on client accounts due to changes in banking.