A newly admitted lawyer needs sufficient knowledge and skill to maintain trust and office accounts in accordance with the law and good practice.
With much space dedicated to practice transactions and specimen accounts, there is plenty of opportunity for readers to become familiar with the major areas of the trust account, controlled money and office records.
This new edition explains important changes brought about the 2004 Legal Profession Act and the 2005 Legal Profession Regulation. Written for practitioners and students of degree or diploma courses in law and practical legal training, this text will quash all qualms about book-keeping.
Table of Contents
The Duty to Account. Legal Costs. The Trust Account. Primary Accounting Records. Secondary Accounting Records. The Office Account. Balancing the Books. Controlled Money. Legal Profession Act 1987. Other Records. Goods and Services Tax ('GST'). Practice Transactions
Bronwyn Olliffe, BA, LLB, LLM, is Senior Lecturer in Law at the University of Technology, Sydney.