The Manitoba Law Foundation’s Board of Directors recently met to allocate and approve the Foundation’s statutory and discretionary grants for the 2018/2019 fiscal year. The Legal Profession Act provides in s.90(1) that the Foundation allocate specific portions of interest on lawyers’ trust accounts received in the previous fiscal year to The Legal Aid Society of … Continue reading Report on Law Foundation Granting (July 2018)
As I write this, it is National Volunteer Week in Canada. According to Volunteer Canada’s website: National Volunteer Week (NVW) is a time to celebrate and thank Canada’s 12.7 million volunteers…. Volunteering is often seen as a selfless act; a person gives their time, skills, experience, and passion to help others, without expecting anything in … Continue reading Marking National Volunteer Week (April 2018)
Did you ever wonder why you don’t receive any interest on the client funds held in your firm’s pooled trust accounts? I confess that I never thought about this when I was practicing, probably because the firms I worked with already had trust accounts in place when I started. I was aware, however, that the … Continue reading What About Interest on Lawyers’ Trust Accounts?
Changes to The Law Society of Manitoba’s Rules on trust accounts resulted in a flurry of new trust account openings as lawyers and law firms practising in the area of real property transactions set up the restricted accounts required for the new eRegistration system at Teranet Manitoba (aka The Property Registry.) As the Letters of … Continue reading Why it Matters Where You Hold Your Trust Account