Fee approved for late annual fee payment and late annual report filing; default period reduced to 60 days
Effective for fees and filings submitted in the 2013 year, licensees who fail to pay their annual fees or file their annual report on time will now be subject to a late fee of $100 in addition to potential administrative suspension. Convocation also approved a reduction in the default period during which licensees may pay their annual fees or file their annual report without penalty. The default period was reduced to 60 days from 120 and commences on January 1 for annual fee payments and March 31 for annual report filings. The Audit and Finance Committee recommended the policy changes to Convocation to save on administrative costs by reducing the number of late payments and filings. Full report.
LAWPRO insurance premiums announced
Convocation accepted LAWPRO's report outlining the Law Society's professional liability insurance program for 2013. The base premium for professional liability insurance coverage for Ontario lawyers in 2013 will be $3,350 per lawyer, the same premium charged in 2012 and 2011. The premium for the Real Estate Practice Coverage Option will also remain the same at $250. The only program change is a reduction in the minimum period for which a lawyer can purchase insurance from 60 days to 30 days. The LAWPRO CPD Premium Credit has become the LAWPRO Risk Management Credit. Full report.
By-Law 6 amended re: professional liability insurance
By-Law 6 [Professional Liability Insurance] was amended to clarify insurance reporting requirements for paralegals. The amendments remove the requirement that proof of insurance be in written form. This will permit paralegals to submit insurance information via the LSUC Portal. The amendments also add wording requiring paralegals to provide details about the claiming of an exemption. Full report.
Human Rights Monitoring Group intervention approved
Convocation approved the Human Rights Monitoring Group's proposed intervention in the case of the harassment of human rights lawyer Mohamed Issa Al Tajer in Bahrain. Full report.
New lay bencher appointed
Gerald Sheff was appointed a Lay Bencher of the Law Society by the Government of Ontario.
Alternative Business Structures Working Group terms of reference established
The Alternative Business Structures Working Group will begin its study on developments, in Canada and abroad, in alternative legal service delivery models and structures and financing arrangements and on related regulatory processes, according to the working group's terms of reference. Full report.
Amendments to Law Society Act to protect privilege approved in principle
Convocation approved, in principle, amendments to the Law Society Act to increase the protection of privileged information received by the Law Society. The proposed amendments to the Act make clear that the Law Society may receive information from licensees' clients and use that information in regulatory proceedings without any loss of privilege. Full report.
Revised Business Conduct Policy approved
Convocation approved a revised Business Conduct Policy for employees of the Law Society. Full report.
LibraryCo Inc. budget deferred
Convocation deferred the LibraryCo Inc. budget item in the Audit and Finance Committee report until October Convocation.
Convocation made a number of committee and other appointments. Motion.