BC lawyers approve e-distribution of financial statements

In a referendum held November 15, BC lawyers voted 97% in favour (3,727 : 127) of amending the Law Society Rules to allow distribution of the audited financial statements to members electronically rather than by traditional mail.

Rule 1-6(8)(b) requires the Law Society to mail to each member, not less than 21 days before an annual general meeting, an audited financial statement of the Law Society for the previous calendar year.

It has become quite common for organizations to distribute their financial statements electronically rather than on paper. Some lawyers have expressed concern that the Law Society is still printing and distributing paper copies of the financial statements. This year, the cost of printing and distributing the audited financial statements to every Law Society member exceeded $20,000.

It is the Benchers’ view that making the financial statements available to lawyers electronically would be more cost-effective, timely and environmentally friendly.