The Law Society’s Professional Standards Department has launched a new resource designed to help sole principals nominate a Personal Representative and Alternate Manager in the event they are no longer able to manage their practice.
Motivated by the effects of the ongoing pandemic, the Law Society is urging sole principals to nominate another legal practitioner as a Personal Representative and an Alternate. President of the Law Society of NSW, Richard Harvey, said the service will provide “an additional safety net”.
As someone who has practised as a solicitor for nearly 40 years, I am well aware that sole principals are particularly vulnerable to disruption if they are suddenly unable to manage their own practice.
Richard Harvey, President, the Law Sociey of NSW
“As someone who has practised as a solicitor for nearly 40 years, I am well aware that sole principals are particularly vulnerable to disruption if they are suddenly unable to manage their own practice,” he said.
“This new service is an additional safety net, particularly in the event of death, serious injury or illness. I am pleased to say sole principals of law practices have already reported that the nomination process for the new resource is straightforward and easily accessible.”
Practitioners can nominate a Personal Representative and an Alternate by completing a simple online form. Find more information at lawsociety.com.au/contingency-plan-sole-principals