The Law Society of New South Wales Professional Standards Scheme (commenced 22 November 2018)
The Law Society of New South Wales (the Society) 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.
The Law Society of New South Wales Professional Standards Scheme (the Scheme) commenced on 22 November 2018.
There are some important changes to both the benefits under this new Scheme and its operation.
For the first time, an Incorporated Legal Practice (ILP) may apply for participation in or exemption from the Scheme (provided the ILP entity itself is an ILP Member of the Law Society).
Mutual recognition of the Scheme has also been approved.
The new Scheme, as approved by the Professional Standards Councils and in accordance with the relevant professional standards legislation, requires Society Members in private practice to apply for exemption from the Scheme if they do not wish for the Scheme to apply to them.
If you have any queries regarding the Scheme, please do not hesitate to contact the Law Society Scheme Administration team by email firstname.lastname@example.org or on (02) 9926 0189 for assistance.