What are dormant funds?
When a solicitors firm has a remaining client fund that they are unable to pay to the client, it is considered dormant. The company is permitted to withdraw those funds and donate them to a charity of their choice.
You can donate unclaimed client accounts to Shelter:
if reasonable attempts have failed to establish the identity and contact details of the money's owner
without SRA permission if the balance is under £500
providing SRA permission is granted if the amount is over £500
Additional guidance can be found on the SRA website.
How your donation changes lives
The money donated through dormant accounts can be life-changing. Not only will it help people find or keep the accommodation they need, it will also work to ensure that people have a stable and nurturing place to call home.