There is more to retainer management than simply complying with legislative cost disclosure requirements. A critical part of managing a retainer effectively is setting it up clearly at the start. Getting it right in the first place is the best risk management approach. Not only should you document what you will do, but also what you won’t do.
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Always first confirm the currency in which money is to be sent before transferring funds overseas
Regular file audits are a crucial aspect of effective practice management, ensuring compliance with key procedures. By conducting audits, the firm can proactively identify and mitigate risks, improve processes, and maintain consistently high-quality work across all client matters. These audits not only highlight unmanaged risks but also reveal opportunities to enhance practices and procedures.
This brochure is provided by LPLC as a template for lawyers to use for client information purposes. The brochure outlines what the law firm will do when acting for a client and makes recommendations to the client about what they should do to maintain cyber security. Firms can tailor the wording to suit their needs and insert their own branding or to use the sample brochure as it is.
Legal practitioners acting in property transactions take note that the foreign resident capital gains withholding (FRCGW) rules are changing on 1 January 2025.
The Legal Practitioners’ Liability Committee (LPLC) is pleased to announce the appointment of Mary Maini as LPLC’s new Chief Executive Officer from 6 January 2025.
The LPLC Annual Report for 2023–2024 was tabled in the Victorian Parliament on 31 October 2024.
