
 The Law Society of Alberta is the self governing body for Alberta's lawyers, whose mandate is to regulate the profession in the public interest. As a regulator, the LSA sets standards and enforces those standards for Alberta lawyers.
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New Trust Accounting Controls to be Phased In
Approval of the Law Society of Alberta Benchers is being sought at the upcoming April 2010 meetings to approve the implementation of a new controls and audit structure to protect the safety of trust funds.
It is expected that implementation will be phased-in, beginning in May 2010.
The recommendations made by the Law Society of Alberta's Security of Trust Funds Implementation Task Force will result in changes to the trust accounting rules and the Law Society's audit strategy.
Detailed communications to lawyers is being prepared and will be provided to lawyers once the Benchers have approved the new structure. The Law Society of Alberta will be communicating directly to firms initially involved to assist in the transition.
The new regulatory structure for safety of trust property will address concerns about rising threats to the security of trust funds, for the protection of the public interest as well as the profession.
Work Continues on Access to Legal Services
A new Access Steering Committee with leadership from the Law Society, Alberta Justice, the Courts, CBA and Legal Aid Alberta is considering both alternative delivery of legal services work and initiatives around unbundling or discrete retainers.
Read more in the The Advisory (January 2010).
Read the Phase One Report - Issues Identification (July 6, 2009)
The Law Society of Alberta offices
Suite 500, 919 11th Avenue SW Calgary, Alberta T2R 1P3 Tel: (403) 229-4700 Fax: (403) 228-1728 1-800-661-9003 |
201 Scotia Place Tower 2 10060 Jasper Avenue Edmonton, Alberta T5J 3R8 Tel: (780) 429-3343 Fax: (780) 424-1620 1-800-272-8839 |
Toll Free numbers valid only in Alberta, Saskatchewan, Lower Mainland British Columbia, Yukon, NWT, and Nunavut
Mission Statement
To serve the public interest by promoting a high standard of legal services and professional conduct through the governance and regulation of an independent legal profession.
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