Law Society provides special business supports to Mayo solicitors
Over 130 local solicitors gather for two day legal conference in Castlebar.
- A major legal conference took place at Breaffy House Hotel, Castlebar on Thursday 7 and Friday 8 November.
- Over 130 local solicitors attended the event which was organised by the Law Society Finuas Skillnet in association with Mayo Solicitors鈥 Bar Association.
- Connaught solicitors welcome the introduction of limited liability partnerships.
On Thursday 7 and Friday 8 November over 130 practising solicitors from across Mayo and surrounding counties attended the Connaught Solicitors鈥 Symposium 2019 which took place at Breaffy House Hotel, Castlebar.
Organised by the Law Society Finuas Skillnet and the Mayo Solicitors鈥 Bar Association, the two-day annual conference was an opportunity for local solicitors to stay up-to-date with important practice changes such as limited liability partnerships (LLPs), drafting wills and conveyancing.
Small practices and sole practitioners
This year the conference had a particular focus on smaller practices and sole practitioners. It comes as the Law Society provides special supports for local solicitors and their businesses through the Small Practice Support Project.
The project, which was launched in February this year, makes 11 strategic recommendations to help sole practitioners and smaller firms in rural and urban Ireland grow their businesses and achieve greater success for their clients, their firms and their local communities.
Mayo solicitor Dermott Morahan of Oliver P. Morahan & Son, Westport, is the President of the Mayo Bar Association and attended the event. He said solicitors and smaller law firms in rural Ireland face many unique challenges.
鈥淪maller law firms aren鈥檛 just like small businesses 鈥 we are small businesses. Many of the challenges solicitors face in smaller firms are similar to those faced by other business owners,鈥 he said.
鈥淪olicitors practicing in the west of Ireland employ hundreds of people in high-quality professional jobs,鈥 he explained. 鈥淲e are business advisors, legal advisors, employers, colleagues and friends. Although the role of a solicitor is a valuable and fulfilling one, we also need support and advice to ensure the success of our own practices.鈥
鈥淭he Law Society鈥檚 Small Practice Support Project is working to support us as businesses as well as legal experts by offering tools and resources on how to efficiently manage and grow our practices.
鈥淭hese resources have provided a new level of support for rural, and sometimes isolated, practices. A key message of the Small Practice Support Project is to communicate the value and importance of a solicitor鈥檚 daily services,鈥 he said.
For more information on the Small Practice Support Project, see: Small Practice Support Project
Limited Liability Partnerships
On 1 November 2019 the Law Society welcomed the availability of LLPs as an option for partnerships of solicitors in Ireland. The move comes following a 20 year campaign by the Law Society to Government.
鈥淓arlier this month the Government introduced Limited Liability Partnerships as an option for partnerships of solicitors in Ireland,鈥 said Mr Morahan.
鈥淯ntil now, partners in solicitor firms could be personally held responsible for the debt accrued by an employee of the firm. This put solicitors at great financial risk while providing much needed services for their clients."
鈥淟LPs will now give similar protections to solicitors鈥 practices as those enjoyed by limited companies. While this is open to small firms, it does not yet extend to sole practitioners,鈥 he explained.
鈥淭his change will provide a new level of protection that is welcome amongst solicitors in the west of Ireland. It will help to ensure successes and provide certainty for many smaller firms.鈥
For more information on LLPs, see: Limited Liability Partnerships