THE APPLICATION PROCESS
1. When can I apply for a practising certificate?
An application for a practising certificate in respect of a practice year shall not be submitted to the Registrar earlier than the month preceding the commencement of the practice year. The 'practice year' means the period from 1 April in a calendar year to 31 March in the ensuing calendar year. For example, for the practice year 2011/2012, you may e-file your application for a practising certificate on or after 1 March 2011. An application for a practising certificate is e-filed via the Supreme Court’s PC E-Filing System.
2. Who issues a practising certificate?
The issuing authority is the Registrar of the Supreme Court. The practising certificate is electronically issued in your personal name as stated in your NRIC and dated on the date of issue.
3. Does the Legal Profession Act set out circumstances that disqualify a solicitor from applying for a practising certificate?
Yes. Section 26(1) Legal Profession Act sets out the circumstances which disqualify a solicitor from applying for a practising certificate, and these include:
if you are an undischarged bankrupt;
if you have entered into a composition with your creditors or a deed of arrangement for the benefit of your creditors;
if you have one or more outstanding judgments against you amounting in the aggregate to $100,000 or more which you have been unable to satisfy within 6 months from the date of the earliest judgment.
4.
How do I apply for a practising certificate?
The Society has to give its prior approval before a solicitor may proceed to e-file his application for a practising certificate via the Supreme Court’s PC E-Filing System. To apply for the Society’s prior approval, please submit to the Society:
the 'Application for Approval to E-File Practising Certificate' for solicitors practising in Singapore law practices, locum solicitors or legal officers employed by a statutory body; or
the 'Application for Approval to E-File Practising Certificate (Section 130 N Legal Profession Act)' for solicitors registered under section 130N Legal Profession Act.
The application forms can be downloaded from the Society’s website at
www.lawsociety.org.sg under
'Running Your Practice > Forms.'
The law practice at which you practise or the statutory board at which you are employed as a legal officer will submit the 'Application for Approval to E-file Practising Certificate' form, your accountant's report (if applicable) together with cheque payments (unless payment is by GIRO) to the Law Society. The Law Society will issue an acknowledgement, stating the indicative date when you may e-file your application with the Supreme Court.
5. What preparations must I make before submitting my application to the Law Society?
You must:
| a. |
Pay your annual Singapore Academy of Law membership subscription.
|
| b. |
Engage a certified public accountant to prepare your Accountant's Report if you are a proprietor, partner or director or a solicitor holding or receiving client money.
|
| c. |
If applicable, write to the Council and obtain an exemption or waiver from producing an Accountant's Report.
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| d. |
Prepare your payment of $500 as penalty for failure to vote at the Council elections in the preceding year or the last time you practised (if applicable)
|
| |
OR
|
| |
Write to the Registrar of the Supreme Court to obtain waiver of
the requirement to pay the penalty if you had a good and
sufficient reason for not voting. Click
here to check whether
you were required to vote at a Council election.
|
| e. |
Obtain the mandatory professional
indemnity insurance cover for you and for your law practice if
it is a law corporation or limited liability law partnership
(see 'Mandatory Professional Indemnity Cover' below for more
information).
|
| f. |
Prepare your subscription fee
payment and Compensation Fund contribution to the Law Society. |
6. What must accompany my application for approval to e-file submitted to the Law Society?
| a. |
The duly completed 'Application for
Approval to E-file Practising Certificate' form (4 copies of
Part 1 and 2 copies of Part II & III Continuation Sheets);
|
| b. |
2 separate cheque payments for
membership subscription fee and Compensation Fund contribution
(made payable to 'The Law Society of Singapore') if you are not
making payment by GIRO;
|
| c. |
Original accountant's report OR
copy of the Law Society's letter indicating exemption or waiver
from submitting an accountant's report (if applicable); and
|
| d. |
Copy of the letter from the
Registrar of the Supreme Court stating that you had a good and
sufficient reason for not voting at the relevant Council
elections (if applicable) OR a cheque of $500.00 payable to
'The Law Society of Singapore' as penalty for failure to vote.
|
6.1 The 'Application For Approval To E-File Practising Certificate' form
contains a section on pro bono contributions and initiatives -
what is the purpose of this information?
In order to obtain accurate information on the pro bono commitment of members, the Law Society has included this section requesting for information on pro bono hours done by members. This information will enable the Law Society to form a more accurate picture of the extent of members’ pro bono contributions to the community when publicising the good work done by members. This can be an important tool in improving the image of our profession and earning
us goodwill both with the public as well as with the Government.
6.2 Is it mandatory to answer the section on pro bono contributions and initiatives in the ‘Application For Approval To E-File Practising Certificate’ form?
It is not mandatory. The section on pro bono contributions and initiatives is for information/statistical purposes and members are requested to provide the information on an as-best-they-can basis. No sanctions or adverse consequences will follow non-reporting or zero pro bono hours.
The information does not form part of the requirements for an application for a practising certificate and as such, is not covered by the Declaration at the end of the ‘Application For Approval To E-File Practising Certificate’ form.
6.3 What situations count as pro bono contributions?
The following situations would count as pro bono contributions:
| a. |
Representing the Law Society in
Disciplinary Tribunal or court proceedings against solicitors;
|
| b. |
Serving as volunteer Small Claim Tribunal referees or volunteer mediators with the Primary Dispute Resolution Centre ('PDRC');
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| c. |
Conducting legal research work for legal service organisations, if the legal research assists the particular legal organisation to advance its pro bono work or benefits its pro bono programme;
|
| d. |
Legal services to sports and arts
groups (e.g. National Sports Associations, Drama Organisations);
|
| e. |
Legal services to trade associations or consumer/community interest groups (e.g. Consumers Association of Singapore ('CASE'), Securities Investors Association of Singapore ('SIAS'));
|
The following situations would not count as pro bono contributions:
| a. |
Teaching a legal course or giving legal talks at the university law schools or at Practical Law Course;
|
| b. |
Being a member of the Review or
Inquiry Committees or a member of the Disciplinary Tribunal;
|
| c. |
Being a member of Committees or
Council of the Law Society, the Singapore Academy of Law and
other legal service organisations. (However, if a Committee
Member provides pro bono legal services in the course of that
Committee's activities, it shall be considered as pro bono
contributions);
|
| d. |
Sitting on the Board of a
charitable, religious, civic, community, governmental or
education organisation. (However, if a Board Member also
provides legal advice or services to the organisation, that
would count as pro bono contributions).
|
| e. |
Contributing legal articles or legal content to publications, e.g. Know the Law booklet, Singapore Association of Women Lawyers’ You and the Law book, Singapore Law Gazette.
|
6.4 Pro bono contributions includes legal services to a person of limited means. Who would be considered a person of limited means?
Someone whom the solicitor reasonably believes is not able to pay for legal services.
7. What clearance is required from the Law Society?
The Law Society will check your 'Application for Approval to e-file Practising Certificate' form and confirm the following:
| a. |
That you have paid the
statutory
payments to the Law Society.
|
| b. |
That you, and where applicable,
your law practice, has applied for and obtained professional
indemnity cover under the Law Society's mandatory insurance
policy. In the case of a law corporation or limited liability
partnership, the corporate or partnership entity must have the
relevant mandatory insurance coverage under the Law Society's
mandatory insurance policy.
|
| c. |
Whether you are applying for a
practising certificate to practise in a Singapore law practice,
as a locum solicitor, as a legal officer of a statutory body, or
as a solicitor registered under section 130N Legal Profession
Act.
|
| d. |
Whether you need to produce an
Accountant's Report to the Council of the Law Society if you
held or received client money when you last practised as an
employee, or practised as a sole proprietor, partner or director
of a law practice; and if so, whether the Accountant's Report is
in compliance with the Schedule to the Legal Profession
(Accountant's Report) Rules.
|
| e. |
If you intend to practise as a sole
proprietor, partner or director of a law practice - whether you
need to fulfil the requirements of section 75C Legal Profession
Act. For information on section 75C Legal Profession Act, please
refer to the 'Continuing Professional Development'
section of the Law Society’s website. |
Solicitors registered under section 130N of the Legal Profession Act are required to submit a copy of their certificate of registration (issued by the Attorney-General‘s Chambers) together with the
'Application for Approval to E-File Practising Certificate (Section 130 N Legal Profession Act)'.
When the application and accountant's report are in order, you e-file your application on the date indicated. If there are errors in your application and/or accountant's report, you will be notified to correct the errors.
On the date given to you to e-file your application, you personally must access the Supreme Court Practising Certificate module to e-file your application (please see 'The E-filing Process' below) and make the required statutory declaration online.
8. How long does it take before I can e-file my application for a practising certificate?
Where there are no errors in the 'Application for Approval to E-File Practising Certificate' form or the Accountant's Report, you will usually be able to e-file your application electronically 5–7 working days after your application is received by the Law Society.
Should there be errors in your application, the Law Society will notify you to rectify the errors. The processing time will re-commence from the date of your submission of the rectified application.
9. What happens if section 25A of the Legal Profession Act applies?
The Council of the Law Society has issued
Guidance Note 1 of 2010 which took effect on 1 February 2010. The Guidance Note sets out the procedure to be followed in an application for a practising certificate when section 25A of the Legal Profession Act applies. Members who intend to apply for a practising certificate for the practice year 2010/2011 and to whom section 25A of the Legal Profession Act applies, are to submit to the Society the
'Notice of Intention to Apply for a Practising Certificate' by no later than 15 February 2011. For more information, please contact the Compliance department at
kenneth@lawsoc.org.sg.
10. What are the common errors made in an application for approval to e-file a practising certificate?
Some of the common errors are:
| a. |
Name of applicant is wrong (does not correspond with the name stated in the NRIC).
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| b. |
Admission date/admission number is incorrect.
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| c. |
Calculation of years of standing is wrong, and the amount of subscription fee payable is accordingly inaccurate.
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| d. |
Errors in the cheque payment.
|
| e. |
Omission of information in the application form.
|
| f. |
Failure to submit an Accountant's Report when it is required to do so.
|
| g. |
Errors in the Accountant's Report (click
here
for more information about Accountant's Reports). |
THE E-FILING PROCESS
11. Is e-filing the only mode of filing my application with the Supreme Court?
Since 1 November 2006, it has been mandatory for all practising certificate applications, including locum practising certificate applications, to be filed electronically with the Supreme Court.
Please refer to the
Supreme Court Practice Direction 4 of 2008 and the
Legal Profession (Practising Certificate) Rules.
12. How do I e-file my practising certificate application with the Supreme Court?
Go to the Supreme Court website at
www.supremecourt.gov.sg > 'Electronic Filing System' > 'Practising Certificate e-filing Service'.
You need to login in using your admission number, NRIC number and date of birth. If you have forgotten your admission number, you can look it up either from the
Law Society Directory (if you are a current member) or contact the Law Society via e-mail at
compliance@lawsoc.org.sg.
Please note that you have to personally declare that the information in your online PC application is true, correct and complete. Therefore, no other person can make that declaration on your behalf.
When you e-file your application, you will receive via the e-mail address provided in your online application, notification of receipt.
If you wish to have a hard copy of your practising certificate in bond paper, please contact the Supreme Court. The Supreme Court imposes charges for the issuance of hard copy practising certificates.
For more information on the Supreme Court e-filing procedures, please visit the Supreme Court website which provides step-by-step instructions on what you need to do.
13. What should I do if I have problems accessing the Supreme Court's e-filing system?
If you have problems accessing the Supreme Court e-filing system or encounter problems while e-filing, please e-mail the Supreme Court at
Supcourt_PCEF_Inq@supcourt.gov.sg.
14. What if I do not have access to a computer or internet account to do my e-filing?
The Law Society and the Supreme Court offer complimentary use of their IT facilities for lawyers to e-file their practising certificates.
PAYMENTS
15. What statutory payments are required to be paid to the Law Society?
You must pay an annual membership subscription to the Law Society, which is for the period from 1 April to 31 March of the following year.
The annual subscription will be as follows:
| Senior Category |
$1,123.50 ($1,050.00 + $73.50 GST) |
| Middle Category |
$963.00 ($900.00 + $63.00 GST) |
| Junior
Category |
$802.50 ($750.00 + $52.50 GST) |
| Locum |
$802.50 ($750.00 + $52.50 GST) |
The amount of subscription fee payable is determined based on the number of years of standing calculated from the date of your admission.
Membership Categories
(Standing calculated from date
of admission to the Bar)
|
Subscription Fee Payable
(including 7% GST) |
Compensation Fund Contribution
(No GST payable) |
Of 12 years' standing and more
(Date of admission:
on and before 31/03/99*)
|
$1,123.50 |
$100.00
(For Practising Certificate application after 1 October of
each year, the amount payable is $50.00)
|
Of more than 7 years'
standing but less than 12 years
(Date of admission:
Between 01/04/99 to 31/03/04, both dates inclusive*)
|
$963.00 |
Of less than 7 years'
standing (Date of admission:
on and after 01/04/04*) |
$802.50 |
*The dates are in reference to the practice year 2011/2012
16. What are the modes of payment available?
You may make payment to the Law Society by:
| a. |
GIRO, if your law practice has a
GIRO facility with the Law Society.
|
OR
|
| b. |
cheque, made payable to 'The Law
Society of Singapore'. Please note that payment for the
subscription fee, Compensation Fund contribution and penalty for
failing to vote (if applicable) are required to be made by
separate cheque payments. |
17. How do I check if my law practice has a GIRO facility with the Law Society?
Click here to view the list of law practices which have a GIRO
facility with the Law Society.
If you wish to apply for a GIRO facility, please submit to the Society the
GIRO application form
which is available on the Society’s website under 'Running Your
Practice > Forms > Making Payments to the Society'. Please note that
the approval process is approximately 4 weeks.
18. What are the fees I have to pay when filing the application for practising certificate at the Supreme Court? What are the modes of payment?
You need to pay an application fee of $85.00 when filing your practising
certificate application at the Supreme Court.
If you have an InterBank GIRO account with the Supreme Court, you
may pay by:
| a. |
GIRO.
Download GIRO application
form for the Supreme Court; or
|
| b. |
BillCollect.
'BillCollect' is an online payment service implemented by the
Supreme Court for electronically filed PC applications. It is
available automatically through EFS. It allows an applicant to pay
for his PC application in three convenient ways: Flexi-Pay, eNETS
Debit or eNETS Credit. |
Any queries on BillCollect may be directed to the PC Counter at
supcourt_pcef_inq@supcourt.gov.sg.
MANDATORY
PROFESSIONAL INDEMNITY COVER
19. How do I apply for
and obtain mandatory insurance cover?
The law practice that you are/will be practising in will usually make the application for insurance cover and payment of the insurance premium. The law practice should send the application on your behalf to the Law Society's brokers:
| |
|
Lockton Companies (Singapore) Pte Ltd
(formerly known as Alexander Forbes (Singapore) Pte Ltd)
36 Robinson Road
#16-01 City House
Singapore 068877
Tel: 6221 1288 |
20. What if I do not obtain mandatory insurance cover?
When the Law Society processes your application for approval to e-file practising certificate, we will check with the Law Society's insurance brokers to ascertain if your professional indemnity cover has taken effect.
If it has taken effect, your application will be 'activated' by the Law Society in the Supreme Court PC e-filing system. Only when this is done will you be able to proceed to e-file your application for a practising certificate with the Supreme Court.
21. Are legal officers employed by statutory bodies required to purchase indemnity cover?
A solicitor employed by any statutory body or authority and who is issued with a certificate by the Attorney General under section 26(3) of the Legal Profession Act is exempted from obtaining the mandatory insurance cover.
22. If I cease to practise before the end of the practice year, can I get a refund of my professional indemnity cover?
The professional indemnity cover is usually paid for by your law practice. You may apply for a pro-rated refund of your cover to the law practice. The procedure for applying for a refund is set out in the section on 'Ceasing a Practice'.
GENERAL QUESTIONS ABOUT PRACTISING CERTIFICATES
23. When will my practising certificate expire?
| (a) |
Subject to Paragraph (b) below, a practising certificate for any given practice year is valid from the date of issue to the end of the practice year.
|
| (b) |
A practising certificate issued to a solicitor shall cease to be in force:
|
| |
(i)
(ii)
(iii)
iv)
(v)
|
when a solicitor ceases to practise or to be employed as a solicitor in a law practice, subject to paragraph (c) below;
where the name of the solicitor is removed from or struck off the roll;
where a solicitor is suspended from practice;
upon the solicitor becoming subject to any disqualification under section 26 (1)(e), (f), (g) or (h) of the Legal Profession Act; or
when the Registrar subsequently issues another practising certificate to the
solicitor.
|
| (c) |
If you leave your law practice in the course of a practice year, your practising certificate will cease to be valid on the last day of service with your law practice unless you notify the Registrar of the Supreme Court and the Law Society that you intend to remain in practice and that you intend to resume employment in a new law practice within 3 months. To notify your intention to remain in practice, please complete the 'Notice of Change
of
Particulars' online form. |
24. How do I know if I was required to vote at a previous year's council election?
View list of practitioners who voted in
2002
| 2003
| 2004
| 2005
| 2006
| 2007
| 2010 [Junior Category |
Middle Category]
View list of practitioners who did not vote in
2002
| 2003
| 2004
| 2005
| 2006
| 2007
| 2010 [Junior Category |
Middle Category]
Note: Section 50(2) of the Legal Profession Act provides:
'Every advocate and solicitor who is required to vote for the
election of the members of the Council in accordance with subsection
(1) and who fails to do so shall not be entitled to apply for a
practising certificate unless he -
(a) satisfies the Registrar that he was not in Singapore at the time
of the election or had a good and sufficient reason for not voting
at the last election to the Council; or
(b) pays a penalty of $500 which shall be credited to the
Compensation Fund established under section 75.'
For the year 2007, election of the members of the Council was held
for the Middle Category only.
For the years 2008 and 2009, members in all categories were not required to vote in the annual election of Council.
For the year 2010, election of the members of the Council was held for
the Junior and Middle Categories.
25. Do foreign lawyers require a practising certificate?
Lawyers practising in or employed by foreign law practices cannot apply for a practising certificate. However, they and other foreign lawyers who were not admitted to the Roll of Advocates and Solicitors of the Supreme Court, are required to register with the Legal Profession (International Services) Secretariat of the Attorney-General's Chambers.
Foreign lawyers registered with the Attorney-General's Chambers to
practise Singapore law under section 130I or 130J or granted
approval referred to in section 130L of the Legal Profession Act are
required to pay the Law Society an annual subscription fee of
$1,123.50 (including GST).
26.
Can in-house counsel employed in private organisations apply for a practising certificate?
No.
27.
What happens if I apply for my practising certificate after the commencement of the practice year?
Section 25(5) of the Legal Profession Act provides that every practising certificate issued in the month of April shall be deemed to have been in force from the first day of that month. For example, a practising certificate issued on and dated 9 April 2011 shall be deemed to have been in force from 1 April 2011.
A practising certificate issued in the month of March shall be dated 1 April. For example, if your practising certificate is issued on 18 March 2011 for the practice year 2011/2012, it will be dated 1 April 2011.
28. What happens if my practising certificate was issued after 30 April?
If you do not have a practising certificate, you may not practise as an advocate and solicitor or do any act as an advocate and solicitor.
If your practising certificate was issued after 30 April 2011, for example 6 May 2011, it would have been in force from 6 May 2011. However, if you had practised from 1 April 2011, you would have practised without a practising certificate for the period from 1 April
- 5 May 2011. Practising without a practising certificate is an offence and disciplinary proceedings may also be taken against the solicitor concerned. A solicitor without a practising certificate is also prohibited from operating any bank account of a law practice and if he is a commissioner for oaths or a notary public, he cannot do any act as a commissioner or notary.
WHAT YOU NEED TO KNOW ABOUT THE ACCOUNTANT'S REPORT
29. Who must produce the Accountant's Report?
A sole proprietor or partner (of a law firm or limited liability law partnership) or director (of a law corporation) is required to submit an accountant’s report. This requirement applies to a solicitor held out to the public as a partner or director and would include a salaried partner, associate partner, associate director or senior associate director. A solicitor (not a sole proprietor, partner or director) who held or received client money will be required to submit an accountant’s report. The accountant’s report must be in the form set out in the Schedule to the Legal Profession (Accountant’s Report) Rules.
30. Can I be exempted from producing an Accountant's Report?
A sole proprietor, partner or director may apply to the Society for an exemption from having to produce an accountant’s report if the law practice did not hold or receive any client money. The application for exemption is by way of a statutory declaration submitted to the
Director, Compliance. The statutory declaration can be submitted in January or February so as to avoid the rush in the months of March/April each year.
The statutory declaration should contain the following information:
State that you are applying for an exemption from having to produce an accountant’s report;
State the period for which the exemption is requested for;
Confirm that you did not hold or receive any client money during this period;
Elaborate why you did not hold/receive any client money - you may give a brief description of the nature of your practice;
Confirm if you had opened any client account. If you had opened a client account but did not hold/receive any client money - please attach the bank statements to the statutory declaration.
31. Are there any accountants who have been disqualified by the Law Society and whom I cannot engage?
Click here
for a list of accountants that Council has disqualified from
preparing Accountant's Reports.
32. What should I check for when I receive my Accountant's Report?
You should check the following under the heading of the report described below:
| a. |
Your name is correctly spelt in the report.
|
| b. |
The name of your law practice is
correctly stated.
|
| c. |
Your designation in the law practice is
correctly stated, for example, as partner or director.
|
| d. |
Check that the accounting period stated in the Accountant's
Report correctly states the period for which you were practising
in the law practice. The Accountant's Report is personal to you
and therefore must cover the period when you were a partner or
director of the law practice. For example, if you were a partner
of the law practice at any time from 1 January 2010 to 30 June
2010, then the accounting period must be stated as from 1
January 2010 to 30 June 2010. |
|
"1. Solicitor's full name ....................................................................................
2. Firm/Limited Liability Law Partnership/Law Corporation name and address ...............................................
3. State whether practising alone / in partnership / as a partner in a Limited Liability Law Partnership / as a director in a law corporation
...................................................................................................................
4. Accounting period ...................................................................................." |
33. What do I check for in the body of the report?
There are 2 paragraphs to the body of the Accountant's Report.
First Paragraph
Your accountant is not required to cite the editions of the Legal Profession Act or the Accountant's Report Rules or the Solicitors' Accounts Rules. If however, your accountant does cite the editions in the first paragraph of the report, then check that the citations are correct.
The current editions are:
Legal Profession Act (2009, Revised Edition);
Legal Profession (Accountant’s Report) Rules (2010, Revised
Edition);
Legal Profession (Solicitors’ Accounts) Rules ( 1999, Revised
Edition).
Second Paragraph
Check that your accountant has specified at least 2 dates when your accountant examined the balances in the bank statements with the client's ledger balances. The dates chosen must be dates within the accounting period when you were a proprietor, partner or director of the law practice.
"2.The results of the comparisons required under rule
4(1)(f) of the Legal Profession (Accountant's Report) Rules, at the dates selected by me
were as follows:
(a) at ...................................................
the figures were in agreement
(b) at ...................................................
the figures were in agreement " |
FOR EXAMPLE
You were a proprietor of a sole proprietorship from 1 January 2010 to 12 October 2010 and then ceased your sole practice and became a partner of another law practice on 15 October 2010.
The sole practice Accountant's Report would state the accounting period from 1 January 2010 to 12 October 2010
(which is the last date of your sole practice). Your partnership
Accountant's Report must state the accounting period from 15 October
2010 to 31 December 2010.
The 2 dates stated in paragraph 2 of the sole practice report would be any 2 dates between 1 January 2010 to 12 October 2010 while the 2 dates stated in paragraph 2 of your partnership Account's Report would be any 2 dates during the period from 15 October 2010 to 31 December 2010.
Third Paragraph
A third paragraph in an Accountant's Report is only necessary if you have either ceased to practise in a law practice or you have retired from practice.
If you have ceased practice, your Accountant's Report must be specified as your 'Final Accountant's Report' for that law practice. Check that the date specified as the date you ceased to hold client's money when you left that law practice is the last date when you were a proprietor, partner or director of the law practice.
For example if you ceased your sole practice on 12 October 2010, you would cease to hold client's money on 12 October 2010. Your accounting period must be from 1 January 2010 to 12 October 2010 and the date in the third paragraph must be 12 October 2010.
"3. "Having ceased to practice under
the style or as a partner/director of ......................the said ........................ ceased to hold
client's money on ......................"
OR
3. Having retired from active practice as a solicitor the said .............................
ceased to hold client's money on .................."
|
34. What if I do not cease to hold client's money upon my retirement or cessation of practice with a particular law practice?
If you have retired from practice, you cannot continue to hold client money as only a solicitor with a practising certificate can hold or receive client money. You must either dispose of all your client money before retirement or appoint a solicitor to act as your legal manager to dispose of your client money if you cannot do it before retirement. For further information contact the Conduct Department.
If you cease practice in a particular law practice and go on to
practise in another law practice, you can continue to hold client
money as you are still in practice.
This is often the case when a solicitor ceases to practise as a
sole proprietor and joins another law practice and is unable to
dispose of all client money on the date of the cessation of the sole
practice. In this scenario, the third paragraph of your Accountant's
Report must be as described below:
| "Having ceased to practice under the style of
................... on ............. the said ......................... continues to hold client's
money under that style" |
The accounting period in the heading of your
report would be for a period beyond the cessation of the practice.
FOR EXAMPLE If you ceased your sole practice
on 12 October 2010 but disposed of all client money only on 26 February 2011, the accounting period for the report for 2010 for your sole practice would be from 1 January 2010 to 31 December 2010. It would state that having ceased to practise under the style of .............. on 12 October 2010, you continued to hold client's money. A final accountant’s report for the period from 1 January 2011 to 26 February 2011 will have
to submitted separately to the Law Society.
35. What particulars of my accountant
must be included in my Accountant's Report?
Check that the Accountant's Report set out the particulars of your
accountant as follows:
"Particulars of accountant:
Full name .....................................................
Singapore NRIC No/FIN .........................................
Qualifications .................................................
Firm name and Address .........................................
Signature ......................................................
Date ..........................................................." |
36. Who do I contact
if I have a query Please send your queries by e-mail to the Compliance Department of the Law Society at
compliance@lawsoc.org.sg or contact Kenneth Goh at 6530 0231 or Glynnis Toh at 6530 0217.
|