The Monetary Policy Committe (MPC) met recently and voted to increase the Bank of England bank rate for the 12th consecutive time. With the bank rate now standing at 4.50%, a level not seen since October 2008, this article addresses the question, what is a fair level of interest which should be passed onto clients holding deposit funds with their Law firm? To learn more read this article by Managing Director of Gemstone Legal and one of our approved Lexcel Assessors.