2007 Law Society fees due November 30

Watch for your fee invoice, as the Law Society annual practice fee and Special Compensation Fund assessment are due November 30, 2006 for the 2007 practice year. The Lawyers Insurance Fund assessment is payable in two equal instalments, half the fee is due November 30, 2006 and the remaining half is due June 30, 2007.

Practice fee: The members set the practice fee for 2007 at the Annual General Meeting of the Law Society on September 29. See the Law Society’s website at www.lawsociety.bc.ca for results of the AGM vote.

Lawyers Insurance Fund fee: At their September meeting, the Benchers reduced the full-time practising member insurance assessment by $100 from last year’s fee of $1,500, for a total of $1,400 for 2007. This decision was based on the operational performance and financial strength of the Lawyers Insurance Fund.

Special Compensation Fund fee: The Benchers have also determined it is appropriate to reduce the assessment for the Special Compensation Fund by $100 from last year’s fee of $600, for a total of $500 for 2007.

Trust administration fees: These fees are due 30 days after the end of each calendar quarter ending on the last day of March, June, September or December.