In Check Issue 83 | June 2019

27 June, 2019

The engagement habit Our risk management focus for the 2019/20 financial year is engagement management. Badly managing the client engagement was the second most costly and numerous underlying cause of claims in the last ten years. The root causes of these claims included: not clarifying who is the client acting in a conflict not clarifying […]

In Check Issue 82 | March 2019

29 March, 2019

Launch of new cyber insurance policy by Marsh/Chubb Cyber threats are becoming more pervasive and protecting your firm against cyber risk is good risk management. Professional indemnity insurance covers some cyber risks but it does not cover the firm for its own business losses arising from a cyber incident, such as legal and regulatory costs […]

In Check Issue 81 | December 2018

18 December, 2018

Holiday season reminders The lead up to Christmas with the extra commitments and pressure is a high-risk time for mistakes and oversights. Be diligent and maintain your risk management practices— now is when you need them most. Here is a reminder of the top three areas where we see the most mistakes and oversights during […]

In Check Issue 80 | September 2018

1 October, 2018

Conveyancing claims in 2017-18 Conveyancing claims accounted for over 30 per cent of the cost of claims in the last policy year costing an estimated $11.9m. They have consistently been in the top two areas of claims by both number and cost for many years. The mistakes often stem from practitioners not knowing or keeping […]

In Check Issue 79 | June 2018

28 June, 2018

New requirements for some purchasers to withhold GST – 1 July 2018 From 1 July 2018 purchasers of certain new residential premises and potential residential land will be required to withhold the goods and services tax (GST) and pay it to the Australian Tax Office (ATO). Vendors of residential premises or potential residential land must […]

In Check Issue 78 | March 2018

27 March, 2018

Cyber fraud – it can happen to you No firm is immune from cyber-criminals and their fake emails. We are seeing an increase in attempts to steal money by hackers masquerading as either the client or the lawyer in fake emails. Below is a summary of two of our recent notifications. The law firm duped […]

In Check Issue 77 | December 2017

12 December, 2017

Thorne v Kennedy on financial agreements The recent High Court case of Thorne v Kennedy [2017] HCA 49 further illustrates why family law financial agreements are fraught with risk. In that case, Kiefel CJ, Bell, Gageler, Keane and Edelman JJ held two substantially identical financial agreements voidable due to undue influence and unconscionable conduct. Nettle […]

In Check Issue 76 | September 2017

27 September, 2017

Justin Toohey – new LPLC CEO LPLC is pleased to announce that Justin Toohey has been appointed as Chief Executive Officer of LPLC, effective from January 2018, following the retirement of the current CEO, Miranda Milne. Justin’s appointment follows a comprehensive recruitment process with the assistance of executive search consultants. Justin is a professional indemnity […]

In Check Issue 75 | June 2017

28 June, 2017

CGT withholding regime important changes from 1 July From 1 July 2017 some CGT withholding regime requirements will change. They are: lowering the price threshold for real property to $750,000 (currently $2M) increasing the withholding amount to 12.5 per cent (currently 10 per cent). These changes were brought in by the Treasury Laws Amendment (Foreign […]

In Check Issue 74 | March 2017

27 March, 2017

What is new on LPLC’s website? Cyber security page We have a new risk management page dedicated to cyber security issues and a rolling banner on our website home page that will take you straight to the cyber security page. Building and construction practice area page We also have a new risk management practice area […]

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In Check Newsletter

In Check is LPLC's quarterly risk management newsletter. Since 1995, Victoria's legal practitioners have looked to In Check to stay informed about important developments affecting their professional risk.