| Price: |  |
£125 per seminar £199 for both seminars |
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| Start Date: | |
03-02-2010 |
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| CPD hours: | |
2.00 |
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| Event type: | |
CPD Seminars |
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| Location: | |
London The Law Society, 113 Chancery Lane, London |
| Region: | |
Greater London United Kingdom |
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The first stage in the implementation of the provisions of The Legal Services Act 2007 became effective on 31 March 2009 allowing for Legal Disciplinary Practice (LDP).
This permits solicitors to practise with (including entering into partnership with) specified non-SRA authorised lawyers and, in limited circumstances, non-lawyers. In addition, on the same date, firm based regulation was introduced meaning that all sole practitioners must be 'recognised sole practitioners' and all other practices (partnerships, Limited Liability Partnerships or Companies) must be recognised bodies.
These changes have resulted in major amendments to the Solicitors’ Code of Conduct, other associated rules and the Solicitors’ Accounts Rules. It is vital for all practices to appreciate the impact of these changes. Even if there is no intention to practise as an LDP these amendments will have a significant bearing on all practices.
The seminars are aimed at assisting busy practitioners to understand fully these changes.
Examples will be directed at corporate/commercial practices in the lectures.
Seminar 1: The Solicitors’ Code of Conduct and associated Rules (1.30-3.30pm)
- What is an LDP?
- What different types of lawyer can be involved in an LDP?
- Can I offer my Finance Director a full equity share in my firm?
- Can I make my non-lawyer spouse a full equity partner?
- Can there be full external ownership of an LDP?
- Can I choose to practise through an LDP regulated by a non-SRA regulator?
- How do I obtain recognised body or recognised sole practitioner status?
- What are the SRA’s new powers:
- to regulate the setting up of new partnerships and sole practices
- to apply the Rules directly to all principals and employees (including those who are not solicitors)?
Seminar 2: The Solicitors’ Accounts Rules (4.00-6.00pm)
Recent amendments on the treatment of client money at the conclusion of a retainer
- Residual balances left on client ledgers
- The impact of the abolition of controlled trusts
- Who can authorise withdrawals from client account?
- Payments in lieu of interest
- Miscellaneous clarifying amendments
- The application of the Rules directly to all principals and employees (including accounts staff and those employees who are not solicitors)
- Accountant’s Reports
- New letter of engagement terms
- New risk-based provisions for the delivery of an accountant’s report
- New test procedures
| Attachment | Size |
|---|---|
| Flyer Jan.pdf | 102.17 KB |
For more information about Law Society events e-mail: events@lawsociety.org.uk