Notification to the Registrar, Supreme Court
Pursuant to section 27 (3) Legal Profession Act, every lawyer shall notify the Registrar, Supreme Court and Council of the Law Society within 1 week of any change of particulars referred to in section 27(1) or with respect to the status of his practising certificate, including cessation of practice.
A Notice of Change of Particulars can only be submitted through the eLitigation account of the individual lawyer. For details please refer to the Supreme Court’s website at - www.supremecourt.gov.sg
2. Accountant’s Report
Pursuant to the Legal Profession (Accountant’s Report) Rules (‘Accountant’s Report Rules’), you are obliged to deliver your final accountant’s report.
Please refer to the Schedule of the Accountant’s Report Rules for a format of the requisite report.
The accounting period ends on the date you cease to hold or to receive any client’s money.
3. Preservation of Books of Accounts
Pursuant to Rule 11 (6) of the Legal Profession (Solicitors’ Accounts) Rules, you are required to preserve your books of accounts, ledgers, records and bank statements in respect of client accounts for at least six (6) years from the date of cessation of your former legal practice.
4. Preservation of Files
Members are referred to the Council of the Law Society’s Practice Direction on “Storage and Destruction of Documents” which can be found here.
5. Outstanding Professional Fees and Undertakings
Notwithstanding cessation of your legal practice, your liability (including those of your co-partners’ or former partners’) for outstanding professional fees and for professional undertakings continue.
6. Refund of Professional Indemnity Insurance Premium Paid
Only members who have ceased legal practice may apply to request for refund of Professional Indemnity Insurance premium (‘premium’) already paid.
Members who have ceased practice and who wish to apply for a refund of the premium paid for the Professional Indemnity insurance will have to comply with the following requirements with effect from 1 May 2008:
Confirm in writing, by letter addressed to Lockton Companies (Singapore) Pte Ltd that:
you have duly notified the Registrar, Supreme Court and The Law Society of your cessation from practice; and
that you are therefore requesting a refund of the premium paid for your Professional Indemnity insurance.
This letter must be copied to The Law Society.
All written requests for refunds of premium must be made to Lockton Companies (Singapore) Pte Ltd not later than six (6) months from the expiry of the Law Society’s Professional Indemnity Insurance Policy. The Professional Indemnity Scheme Insurers will not accept requests for refunds made after the six (6) month period.
7. JOIN US!
Notwithstanding that you have decided to cease legal practice, you may still continue to enjoy the benefits of membership and participate in the activities of the Law Society. All you need to do is join us as a non-practitioner member of the Law Society.
As member of the Law Society, you will continue to receive our weekly and monthly publications featuring the latest practice information and legal developments, and have access to members-only sections on our website and participate as member of any of our committees, and enjoy special members’ rates at any of our continuing professional development programmes. Click here to join as non-practitioner member.
For further queries, call us at 6538 2500 or e-mail email@example.com