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Your policy requires that you give LPLC immediate notice of any claim first made against you during the policy period, or any circumstance which might give rise to a claim of which you become aware during the policy period. We encourage early notification as this enables us to take action, or provide advice and guidance, so as to minimise any loss or damage that might occur.

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Text messages and instant messaging applications such as WhatsApp and WeChat are used by some practitioners to communicate with their clients.

While messaging can be a convenient and efficient communication tool, its use gives rise to a number of challenges and risks for law firms including record retention, data security and confidentiality.

This LPLC article covers these common risks, and provides some tips on how to avoid them.

A recent NSW decision is an important reminder for lawyers that care must be taken when giving undertakings.

Solicitors’ undertakings should only be given where their fulfillment is within the practitioner’s direct control. Undertakings are usually strictly enforced and can give rise to serious consequences if breached.

Our March LIJ article provides a summary of the case and some tips to minimise risk when considering the use of an undertaking.

In 2023 LPLC published an article highlighting important changes in Victorian Property Tax.

Since then, we have received many inquiries about the Vacant Residential Land Tax (VRLT) discussed in that article.

This update provides some more clarity to practitioners dealing with these tax changes, and responds to the most frequently asked questions we receive.

The role of effective supervision in law firms isn't limited to just maintaining the quality of client work, but is also an opportunity to provide on-the-job training, development and support for legal practitioners at all levels.

If done well, effective supervision can set the standard and culture of a firm, create a supportive environment to improve performance, engagement, wellbeing and retention of staff.

Our latest LIJ article covers some key foundational skills and practices that good supervision helps develop.

The State Taxation Acts and Other Acts Amendment Act 2023 received Royal Assent on 12 December 2023. The new law introduces significant property tax changes in Victoria with effect from 1 January 2024. LPLC published an Alert about the proposed changes in October 2023. Since then, some further changes have been made.

This Alert provides some key information that practitioners should be aware of in respect to land tax, windfall gains tax and vacant residential land tax (and act on) now. A more comprehensive summary of the changes will follow in early 2024.

The new Windfall Gains Tax (WGT) introduced by the Windfall Gains Tax and State Taxation and Other Acts Further Amendment Act 2021 commences on 1 July 2023.

Practitioners need to be across the issues now, particularly if negotiating long term sale contracts, or options, that will settle after that date that may then be subject to the WGT.

We've put together information and resources to help lawyers understand the legislation and manage the associated risks.

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