In this issue:
• The Law Society Seeks your Feedback on the 2011 Bencher Election
ANNUAL GENERAL MEETING
The 2012 Annual General Meeting of the Law Society of Alberta will be held on:
THURSDAY, APRIL 12, 2012
at the offices of the Law Society
500, 919-11th Avenue SW
commencing at 5:00 p.m.
Please find below the following:
- Agenda for the Annual General Meeting.
- The 2011 summarized financial statements of the Law Society of Alberta and the Alberta Lawyers Insurance Association.
A copy of the complete audited financial statements of the Law Society of Alberta and the Alberta Lawyers Insurance Association are available on the Law Society of Alberta website at www.lawsociety.ab.ca, or by writing to:
W. C. (Bill) Wakefield, CGA, Controller
Law Society of Alberta
500, 919 – 11th Avenue SW
Calgary, Alberta T2R 1P3
or by email: Bill.Wakefield@lawsociety.ab.ca.
Procedures for the meeting can be found under section 27 of the Legal Profession Act and rule 32 of the Rules of the Law Society of Alberta.
The minutes of the 2011 Annual General Meeting and applicable written reports will be available at the meeting.
Don Thompson, QC
ANNUAL GENERAL MEETING
OF THE LAW SOCIETY OF ALBERTA
TO BE HELD AT THE OFFICES OF THE LAW SOCIETY
500, 919-11TH AVENUE SW
THURSDAY, APRIL 12, 2012 at 5:00 P.M.
1. Approval of Minutes of the Annual General Meeting held
April 7, 2011.
2. President's Report Steve Raby, QC
3. Executive Director's Report Don Thompson, QC
4. Conduct Committee Kevin Feth, QC
5. Credentials &
Education Committee Neena Ahluwalia, QC
6. Finance Committee Jim Eamon, QC
7. Insurance Committee Anne Kirker, QC
8. Practice Review Committee Sarah King D'Souza, QC
9. Professional Responsibility
Committee Rose Carter, QC
To view the 2011 financial statements of the Law Society of Alberta, please visit:
To view the 2011 financial statements of ALIA, please visit:
For more information on the AGM, please visit:
The Law Society Seeks your Feedback on the 2011 Bencher Election
On November 15, 2011, the Law Society of Alberta held an election of Benchers in which the option to vote online was offered in addition to voting on paper ballots.
As the next election in 2014 will be fully online, the Law Society seeks your feedback on the nomination process and the election itself.
Feedback from both voters and non-voters will help the Law Society plan for the 2014 election.
The survey should not take more than five minutes of your time.
Your responses will be completely anonymous, and all results will be compiled together.
Voters, please click on this link:
Non-Voters, please click on this link:
Thank you for providing your feedback as your experiences and comments will be invaluable for the planning of the 2014 Bencher Election.
Alberta Law Foundation Receives Interest on Pooled Trust Accounts
The Alberta Law Foundation is the recipient of the interest which banks, credit unions, trust companies, and treasury branches must pay on clients' funds held in lawyers' pooled trust accounts. (This does not include interest paid on a specific trust investment held for an individual client).
Interest earned on pooled trust bank accounts is consolidated and provided to the Alberta Law Foundation by each financial institution in Alberta.
The interest is made available by the Foundation by way of grants to organizations engaged in activities which are considered to be in keeping with the Foundation's objectives, including:
- Research and Law Reform
- Law Libraries
- Public Legal Education
- Native People’s Legal Programs, Student Legal Aid Programs and programs of a like nature
- Contributing to the cost of Legal Aid Alberta.
Based on a prime rate of three per cent, the Foundation’s current forecast for interest on lawyers' pooled trust accounts for the current year ending March 31, 2012 is about $12.0 million, up from the $8.17 million earned in 2010-2011. From the solicitors' interest revenue, 25 per cent is legislated to be paid to Legal Aid Alberta. In 2011 the Foundation agreed to pay additional funds to Legal Aid Alberta in 2011, 2012 and 2013, currently estimated at $8.5 million in total over the legislated 25 per cent amount.
Please Note: T5 Slips Mistakenly sent by Alberta Treasury Branch (ATB)
The Law Society of Alberta has been advised by the Alberta Treasury Branch that T5 slips have been mistakenly sent to law firms a regarding interest earned on pooled trust accounts. The ATB has also advised that they have notified Canada Revenue Agency (CRA) of the error and law firms will not be expected to report the income from the T5. Lawyers and law firms who have received these slips from ATB should contact ATB and/or the Canada Revenue Agency if any problems arise from this mistake.
Upcoming Meetings with Court of Queen’s Bench Advisors
Lawyers are invited to an open discussion regarding practices and procedures in surrogate matters with Justice G.A. Verville, the Northern Alberta Surrogate Practice Advisor; Justice J. Strekaf, the Southern Alberta Surrogate Practice Advisor, and the Surrogate Rules Committee. The meeting dates and times are;
Friday, April 20, 2012
12:45pm – 1:45 pm
QB Courtroom 317
Monday, April 23, 2012
12:45 pm – 1:45 pm
North Tower Courtroom 1800