The Weekly Law Reports
[2006] 2 WLR 1091
House of Lords
Law Society v Sephton & Co (a firm) and others
[2006] UKHL 22
2006 March 16;
May 10
May 10
Lord Hoffmann, Lord Scott of Foscote, Lord Rodger of Earlsferry, Lord Walker of Gestingthorpe and Lord Mance
Limitation of action
— Negligence
— Accrual of cause of action
— Accountants negligently preparing statutory annual reports on solicitor's practice for submission to Law Society
— Solicitor subsequently misappropriating clients' moneys
— Law Society failing to investigate or intervene in practice in reliance on reports
— Law Society compensating clients from Solicitors Compensation Fund
— Whether cause of action against accountants in negligence accruing at time of misappropriations or at time of claim being made against compensation fund
—
Limitation Act 1980 (c 58), s. 2