Legal Information

About this site

Wragge & Co is an international legal practice comprising Wragge & Co LLP and its affiliated businesses. References to "Wragge & Co", the "firm", "we" or "our" throughout this website mean Wragge & Co LLP and/or those affiliated businesses as the context requires.

Wragge & Co partners

The word "partner" is used to refer to a member of Wragge & Co LLP or an employee or consultant in any of its affiliated businesses with equivalent standing and qualifications. A list of members of Wragge & Co LLP and of any non-members who are designated as partners, and of their respective professional qualifications, is open to inspection at our Colmore Row address.

Regulatory information

Wragge & Co LLP

Wragge & Co LLP is a Limited Liability Partnership registered in England and Wales with number OC304378. Wragge & Co LLP is regulated and authorised by the Solicitors Regulation Authority and is subject to the SRA Code of Conduct. Its registered office and principal place of business is 55 Colmore Row, Birmingham, B3 2AS.

VAT number: GB 110 336 331

Wragge & Co AARPI

Wragge & Co's office in France opened on 1 April 2010 as an association d'avocats à responsabilité professionnelle individuelle (AARPI). Wragge & Co AARPI is an affiliated business of Wragge & Co LLP. Partners in Wragge & Co AARPI are Avocat à la Cour in France, registered with the Avocat au Barreau de Paris (Paris Bar Association). Regulations applicable to members of the French Bar are available through the Avocat au Barreau de Paris.

VAT number: FR41 522 695 600

Wragge & Co (ME) LLP

Wragge & Co (ME) LLP is registered with the Department of Economic Development in Dubai, UAE, with licence number 652965. Its registered office is 55 Colmore Row, Birmingham B3 2AS, and its place of business is PO Box 333840, Dubai, UAE.

Information pursuant to s5 of the German Telemedia Act

Partner responsible for the information about services rendered in Germany which are made available on this website: Dr. Michael Schneider (Munich) - michael_schneider@wragge.com

VAT number: DE 261816253

The lawyers of Wragge & Co LLP practising in Germany and referred to as Rechtsanwälte have been admitted as Rechtsanwälte to the bar in Germany and are members of the Munich Bar Association ("Rechtsanwaltskammer"). The following professional rules and regulations as listed on the website of the Federal Lawyers' Chamber under http://www.brak.de/seiten/06.php apply to them:

  • Bundesrechtsanwaltsordnung
  • Berufsordnung für Rechtsanwälte
  • Fachanwaltsordnung
  • Rechtsanwaltsvergütungsgesetz
  • Berufsregeln der Rechtsanwälte der Europäischen Gemeinschaft
  • Gesetz über die Tätigkeit europäischer Rechtsanwälte in Deutschland

Dr. Alexander Bayer, LL.M. is also registered as an attorney-at-law in Columbus, Ohio, United States of America. For attorneys admitted to the Ohio bar, the following supervisory authority is responsible: Office of Bar Admissions, Supreme Court of Ohio, Rhodes State Office Tower, 2nd Floor, 30 East Broad Street, Columbus, Ohio 43215-3431, USA, http://www.sconet.state.oh.us/Admissions/.

For attorneys at law licensed in Ohio, the following professional rules apply: Code of Professional Responsibility (Ohio) issued on 05.10.1970 by the Supreme Court of Ohio, published and obtainable under http://www.sconet.state.oh.us/Rules/.

Client account interest policy for client monies held in the UK client bank accounts

Wragge & Co LLP is regulated by the Solicitors Regulation Authority of England and Wales (SRA). The SRA's professional rules including the Accounts Rules and code of conduct may be found at www.sra.org.uk/handbook.

a) General Client account

Client monies will ordinarily be held in our general client account as part of a pool of funds covering different clients and matters.

Where funds are held in this way we calculate and pay a sum in lieu of interest as follows:

  • on cleared funds held overnight
  • on a daily simple interest basis compounded quarterly
  • subject to a de minimis of £5 at the point that interest is allocated to a matter ledger
  • at a rate of interest equivalent to the rate paid to Wragge & Co LLP by our principal banker Lloyds TSB on our client call account.

In practical terms a calculation and allocation is made

  • across all general funds on matters held at quarter end July, October, Jan and April.
  • On a matter by matter basis as required in the intervening period.

Interest will be paid out as directed by the client which, may be at the end of the matter or on an interim basis.

Client monies covered by unpaid client account cheques at the point that the interest calculation is run will be excluded from the principle funds on which the rate of interest is applied.

Funds will normally be available on instant access to facilitate transactions. However, with client agreement, and where appropriate we can place large (>£500,000) deposits on a term deposit or money market and will arrange for all interest earned in this instance to be paid in full to the client. Please refer to our treasury team to establish what is possible on behalf of a client.

Interest is paid gross of tax

b) Non sterling client bank accounts

The firm does not receive interest on non sterling client bank accounts and consequently will not pay any interest on non sterling client balances. However, where there is a requirement to hold large non sterling fund balances we can explore, with client agreement, money market options and pay all interest earned on this arrangement to the client.

c) Designated client monies

If client monies are held in a separate designated deposit account all interest earned on that account will be credited to the client in full.

Interest is paid net of tax unless otherwise instructed.

d) Joint accounts

Joint accounts held between Wragge & Co LLP and another law firm will be held as for designated accounts.

The application of the policy in the case of particular clients may be varied by written agreement, without any obligation to apply such agreement to other clients.

Wragge & Co LLP will ensure that client monies are held with a bank which is regulated by the Financial Conduct Authority.

The firm will keep this policy under review and reserves the right to vary it as market conditions change. Any change will take immediate effect whether or not notified to clients concerned

Copyright

All material (including without limitation photographs) on this website is, unless clearly indicated to the contrary, subject to the copyright ownership of Wragge & Co and may not be reproduced in any format and in any circumstances without the prior written consent of an authorised person within Wragge & Co.

Users may access and download the contents of these pages and store a copy on a temporary basis for the sole purpose of viewing the pages. Permanent storage, copying or re-distribution of these pages is prohibited. We encourage appropriate links to our website with prior permission from the web manager (shaun_butler@wragge.com).

Professional Indemnity Insurance

In accordance with the disclosure requirements of the European Framework Services Directive 2006, and as implemented by local law, Wragge & Co has the benefit of professional indemnity insurance in excess of the minimum level required by the Solicitors Regulation Authority of England and Wales and, if any, by the bar authority, or equivalent, in every other jurisdiction in which Wragge & Co practices.

Wragge & Co LLP maintains professional indemnity insurance cover in accordance with the Solicitors' Indemnity Insurance Rules, as set out by the Solicitors Regulation Authority. Minimum mandatory cover is provided by Underwriters at Lloyds' (Syndicate 1955), care of Libra Managers, Regis House, 45 King William Street, London, EC4R 9AN. Our professional indemnity insurance covers all territories.

Professional liabillity insurance Munich office

R+V Allgemeine Versicherung AG
Taunustraße 1
65193 Wiesbaden
Versicherungsnummer: 407 25 517922609255
Versicherungsnummer: 407 25 517934143255

Disclaimer

This website contains general information and, although Wragge & Co endeavours to ensure that the content is accurate and up-to-date, no representation or warranty, express or implied, is made as to its accuracy or completeness and therefore the information on this website should not be relied upon. Users should always seek appropriate legal advice from a suitably qualified lawyer before taking, or refraining from taking, any action. The contents of this website should not be construed as legal or other professional advice and Wragge & Co disclaims liability for any loss, howsoever caused, arising directly or indirectly from reliance on the information on this website.