Legal Profession (Accountant’s Report) (Amendment) Rules 2006

No. S 661

Legal Profession Act

(Chapter 161)

Legal Profession (Accountant’s Report) (Amendment) Rules 2006

In exercise of the powers conferred by section 73 of the Legal Profession Act, the Council of the Law Society of Singapore, with the approval of the Chief Justice, hereby makes the following Rules:

Citation and commencement

1. These Rules may be cited as the Legal Profession (Accountant’s Report) (Amendment) Rules 2006 and shall come into operation on 1st January 2007.

Amendment of rule 3

2. Rule 3(1) of the Legal Profession (Accountant’s Report) Rules (R 10) (referred to in these Rules as the principal Rules) is amended by deleting sub-paragraph (ii) of sub-paragraph (b) and substituting the following sub-paragraph:

“(ii)

a partner, a director, a member or an employee of a limited liability law partnership, a law corporation or a Joint Law Venture in which the solicitor is a partner or director; and”.

Amendment of rule 6

3. Rule 6 (1) of the principal Rules is amended by deleting the words “a law corporation or a Joint Law Venture” and substituting the words “a limited liability law partnership, law corporation or Joint Law Venture”.

Amendment of rule 7

4. Rule 7 (b) of the principal Rules is amended by deleting sub-paragraphs (A) and (B) of sub-paragraph (iii) and substituting the following sub-paragraphs:

“(A)

the Legal Profession (Solicitors’ Accounts) Rules (R 8) are not applicable to him because he is employed only as an assistant solicitor by another solicitor or firm of solicitors or limited liability law partnership or law corporation or Joint Law Venture and has not, during the period to which the said application relates, practised alone or in partnership or been held out to the public as a partner or director of a firm of solicitors, limited liability law partnership, law corporation or Joint Law Venture or held or received client’s money; or

(B)

the Legal Profession (Solicitors’ Accounts) Rules are not applicable to him because during the period to which the said application relates he has not practised as a solicitor alone or as a partner or director of a firm of solicitors, limited liability law partnership, law corporation or Joint Law Venture or been held out to the public as a partner or director of a firm of solicitors, limited liability law partnership, law corporation or Joint Law Venture or has not held or received client’s money.”.

Amendment of rule 9

5. Rule 9 of the principal Rules is amended by inserting, immediately before the words “a law corporation” in paragraph (b), the words “a limited liability law partnership,”.

Deletion and substitution of First and Second Schedules

6. The First and Second Schedules to the principal Rules are deleted and the following Schedules substituted therefor:

“FIRST SCHEDULE

Rule 6(1)

Legal Profession Act
(Chapter 161)

Legal Profession
(Accountant’s Report)
Rules

Accountant’s Report
for Solicitor in Law Firm, Limited Liability
Law Partnership or Law Corporation