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.
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 lead up to the holiday season is always demanding for practitioners with meeting client and court deadlines and managing an increase in commitments outside of work and end-of-year fatigue.
In the last-minute rush to the end of year closedown, important risk management measures can be overlooked. To help avoid unwelcome surprises when coming back to work, we’ve put together our top nine actions to take before you ‘switch off’ for 2023.
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.
All law practices should be on high alert, in recent months there has been a steady rise in cyber fraud incidents notified to LPLC by law firms, including by many small firms and sole practitioners.
The loss from these incidents has increased dramatically. Claim costs for the first five months of this 2023 financial year, already exceed the entire 2022 year. This is primarily because much larger sums are being stolen, and recovery is often not possible.
Our article outlines some of the most common causes of incidents we see, and suggests 5 essential steps you can take now to help avoid a cyber disaster.
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.
Our office will be closed from 5pm on Thursday 21 December 2023 and will re-open at 9am on Monday 8 January 2024.
LPLC’s office will relocate to new premises at Level 19, 140 William Street, Melbourne, VIC 3000 from Monday 15 January 2024. Phone and email contact details remain unchanged.
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.
Keeping your firm’s software up to date is vital to the security of your practice and the interests of your clients.
LPLC runs a yearly calendar of risk management seminars and workshops for our insured firms and practitioners. We cover a variety of topics relating to the underlying causes of claims.
A podcast series that explores how to minimise and manage risk through buiding good business culture and approaches. In each episode listen as Heather Hibberd, LPLC's Chief Risk Manager, and an expert guest in conversation share stories and provide insights to help you build YOUR successful legal practice.
A 90-minute workshop for practitioners to review legal practice management fundamentals. It is suitable for practitioners setting up a new firm, recently established firms or principals who want a practice management refresher.
Watch and download session slides.
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