From the Law Foundation of BC

CIBC raises rate of return

Law Foundation Chair, Mary Mouat, commends Canadian Imperial Bank of Commerce for its commitment to paying a very competitive rate of return on lawyers’ pooled trust accounts. Recognizing the overall negative impact of protracted low interest rates on the Law Foundation’s revenues, CIBC agreed to a new tiered-rate interest agreement effective July 1, 2010, that will provide a substantial increase to the Foundation’s overall trust revenues.

Thanks go to Agnese Francescon, Business Solution Specialist, Retail Division and Ron Molyneaux, Senior Financial Services Representative of Canadian Imperial Bank of Commerce for the leadership shown in making this new agreement possible.

Increased revenues enable the Law Foundation to fund programs that make the justice system accessible to the people of BC. The funded programs include professional legal education, public legal education, law reform, legal research, legal aid and law libraries.

The Law Society, the CBA, BC Branch and the Law Foundation encourage lawyers to consider which financial institutions provide the best support to the Law Foundation when deciding where to place their trust accounts. 

2009-10 Law Foundation of BC graduate scholarships

In 2009-10, 10 University of Victoria law students received Law Foundation graduate scholarships. This important Law Foundation program provides vital financial assistance to LL.M. and Ph.D. students.

Each recipient is engaged in interdisciplinary research that examines law within wider social, political, historical and economic contexts. The graduate research conducted by this accomplished group of students will contribute to many different areas of law.

The recipients of the 2009-10 scholarships are Michael Large, Connie Nisbet, Daniel Parrott, Jing Qian, Shaochen Qu, Supriya Routh, Jennifer Smith, Jagteshwar Sohi, Ania Zbyszewska and Zhong Zhuang.