Final answer:
According to the rules set by the Bar Standards Board, barristers are not allowed to hold, handle or control client money. This responsibility falls under the jurisdiction of solicitors who manage client money according to the Solicitors Regulation Authority's Rules of Conduct and Principles.
Step-by-step explanation:
According to the rules and regulations set by the Bar Standards Board in the UK, barristers are prohibited from holding, handling, or controlling client money. This is to ensure the independence and integrity of barristers in providing legal services. Client money is usually held by solicitors, who have a separate role in representing clients and handling financial matters.
The Bar Standards Board requires barristers to have a clear separation between their professional fees and any client money, and to only accept payments directly from clients for their legal services. They are not allowed to act as a clerk or a banker in relation to client funds, nor should they receive or hold client money on behalf of a solicitor or anyone else.
Overall, barristers are focused on providing legal advice and representation, while solicitors are responsible for managing client money in accordance with the Solicitors Regulation Authority's Rules of Conduct and Principles.
Learn more about barristers