Page 60 - Law Society of Hong Kong MPMC Manual v12 - With checklists (22 May 2018)

Practice Management Course | Checklist 2
Operating a Practice

Society annually for the year to 31 December.
Form 1 Accountant’s Report Rules
• Firm name
• Branches (if any)
• Address(es)
• Sole proprietor or partnership?
• Period covered
• Full name(s) of sole proprietor or partners
• Date of commencement/cessation of partners during year
• Whether it is a first or final accountant’s report
• Accountant's statement: In compliance with section 8 of the Legal
Practitioners Ordinance and the Accountant's Report Rules
• Accountant’s full name, firm, address, signature and dated.
Chapter 2 - Accountant's Report Rules
Chapter 15 - Solicitors' Accounts Rules
5. SUPERVISION AND MANAGEMENT OF STAFF
Ensure compliance with Chapter 18 - Solicitors' Practice Rules
• 4A. Supervision of office
• 4B. Control of employment of unqualified persons
6. RISK MANAGEMENT EDUCATION
Have you read and understood your obligations regarding mandatory Risk
Management Education (RME) as a principal and as an employer?
• Read information about the Society’s Mandatory RME Programme
• Read information about the Society’s Mandatory RME Requirement
• Read the Legal Practitioners (Risk Management Education) Rules
Principals
Complete a principal's core course within the first practice year as a principal
Complete at least three hours of elective courses within practice year
Solicitors/Trainee Solicitors
Complete a general core course within the first practice year
Complete at least three hours of elective courses within practice year
7. PROFESSIONAL INDEMNITY COVER
Have you:
• Submitted Quarterly Return (can be downloaded from the PIS website
after logging into the Members’ Zone of the Law Society website at
www.hklawsoc.org.hk) to ESSAR on or before the last day of
December, March, June and September of each year for declaring the
number of staff and their movements during a quarter?
• Submitted Application for Indemnity and Gross Fee Income Report
[signed by a certified public accountant (practising)] - both can be
downloaded from the PIS website after logging into the Members’ Zone of
the Law Society website at www.hklawsoc.org.hk - to ESSAR on or
before 15 August of each year for the purpose of indemnity renewal?
• Paid the PIS contributions on or before 30 September of each year for
the purpose of indemnity renewal?
• Submitted Claims Report Form (can be downloaded from the PIS website
after logging into the Members’ Zone of the Law Society website at
www.hklawsoc.org.hk) to ESSAR as soon as practicable if a claim is
made by a third party against you or the third party has threatened to
make such a claim?
Submitted Claims Report Form (can be downloaded from the PIS website after
logging into the Members’ Zone of the Law Society website at
www.hklawsoc.org.hk) to ESSAR once you are aware of any circumstances
which may give rise to a claim made by a third party against you?
8. INFORMATION COMMUINICATION TECHNOLOGY
Have you read and understood your obligations under Chapter 1, Principles

© The Law Society of Hong Kong (2018) Page 56