(1)  The manager for a law practice must maintain the records and accounts of the practice that he or she manages –

(a) separately from the management of the affairs of the practice before his or her appointment as manager; and

(b) separately from the affairs of any other law practice for which he or she is manager; and

(c) in the manner prescribed by the regulations.

(2)  Subject to subsection (1) , the manager for a law practice must deal with trust money of the practice in the same way as a law practice must deal with trust money.