2010 fees due November 30
The Law Society annual practice fee, the Special Compensation Fund assessment and the first half of the Lawyers Insurance Fund assessment are due November 30, 2009 for the 2010 practice year.
Practice fee: The members set the practice fee for 2010 at the annual general meeting of the Law Society September 29. The fee and its related components total $1633.50, the same as in 2009. In recommending no increase in the practice fee for 2010, the Benchers considered the current economic climate and the impact this has had on a number of members. The practice fee will still provide for a balanced General Fund budget.
Special Compensation Fund fee: The 2010 Special Compensation Fund assessment is $50, a reduction of $100 from 2009.
Lawyers Insurance Fund fee: The 2010 Lawyers Insurance Fund assessment is $1600, an increase of $200. The increase is intended to help fund an expected increase in claims activity and reduced investment income as a result of the economic downturn.
Those making late payment will incur an additional fee of $100 for practising members and $25 for non-practising members, plus applicable taxes.