The Law Society of New South Wales has continuously administered Schemes as an exclusive benefit for its Members in private practice since 1996.
These Schemes are specifically designed to promote professional standards, enhance consumer protection and to enable private practice members to limit their civil liability to selected amounts provided they meet the Scheme’s requirements.
Participation in each Scheme year, which runs from 22 November to 21 November the following year, is registered on an annual basis.
The Law Society of New South Wales Professional Standards Scheme (commencing 22 November 2018)
After an extensive application process, the Law Society is very pleased to announce that the Professional Standards Council has approved its newly named ‘The Law Society of New South Wales Professional Standards Scheme’ (the Scheme) due to commence on 22 November 2018.
This will replace the current Scheme (‘The Law Society of New South Wales Scheme’) which concludes on 21 November 2018.
There are some important changes to both the benefits under the new Scheme and its operation.
For the first time, an Incorporated Legal Practice (ILP) may apply for participation or exemption under the new Scheme (if it is an ILP Member of the Law Society). Mutual recognition of the Scheme has also been approved.
Online applications for participation in, or exemption from, the new Scheme will open in early October.
Law practices will soon receive an email providing further information about the online application process. This information will include unique login details for the recorded Scheme Co-ordinator who, as a principal of the law practice, is authorised to complete the online application on behalf of the law practice.
If you have any queries regarding the Scheme, please do not hesitate to contact the Scheme team on (02) 9926 0189 or email firstname.lastname@example.org for assistance.