Page 1260 - IOM Law Society Rules Book

Fee Sharing

8. Ruling on an Advocate sharing his fees with a non advocate except:
a) a lawyer in a different country
b) an employee

Contingency Fees

9. Restrictions on receiving a contingency

Claims Assessors

10. 1) Restrictions on arrangements with other parties in relation with claims
arising as a result of death or personal injury.
2) Exceptions to clause (1)
3) Clause (1) exceptions due to jurisdiction

Receipt of commissions from third parties

11. Disclosure of commission received to client

Name of a firm of advocates

12. 1)Details needed when listing a firm
2) Note on Advocate in Sole Practice listing himself as a company

Limitation on Practice for Newly Qualified Advocates

13. 1) Limitations on practicing without the consent of the Council
2) Qualification time in relation to (1)
3) People to whom this rule applies for

Investment Business

14. Restrictions on Advocates roles in connection with investment Business

Money Laundering

15. The codes an advocate must abide by in relation to Money Laundering

Supervision and Management of an office

16. Duty of Care to have an assistant advocate or member of staff to draw
cheques.

Professional Indemnity Insurance

17. Minimum Insurance cover needed