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QLS launches $9m relief package in wake of COVID-19
The Queensland Law Society will splash out $9 million in order to “keep the doors open” for the state’s more than 2,800 practices and its 13,000 solicitors during the global coronavirus pandemic.
Jerome Doraisamy
The Sunshine State’s legal member association, QLS, has agreed on a multifaceted support package to deliver subsidies of 26 per cent to the annual cost of practising certificates, 50 per cent in fees for society’s full members and a 20 per cent subsidy in professional indemnity insurance premiums.
“Law firms like other small businesses are suffering with the COVID-19 restrictions and this package is about [helping keep] law firm doors open and keeping lawyers, support staff and their suppliers in business,’’ he said.
“QLS is aware of the serious concerns many in the profession have regarding the cost of doing business including practising certificates, membership and insurance costs. As a result, the [society] has focused its substantial support package on reducing the compulsory costs of practice by providing a subsidy to practising certificate fees and professional indemnity insurance levies for the 20/21 renewals period.
“We have additionally halved the price of full membership to QLS, which grants access to significant benefits and critical protections to its members.’’
The package will see $1.8 million provided for the 26 per cent subsidy for practising certificate costs (a cost-saving of $262.70 a year for principals and $131.35 for solicitor employees), $2.2 million to cover the subsidy in annual membership fees ($252.50 saving for full members), and $5 million released from the QLS Law Claims Levy Fund to cover the 20 per cent subsidy on professional indemnity insurance levies.
Moreover, Mr Murphy added, QLS will provide its full members with at least 10 free CPD points, access to employment law advice for certain individual solicitors and small firms, access to the QLS general managers support service and also free full membership for QLS to any practitioner who is stood down or made redundant between 1 March 2020 and 30 June 2020 due to ramifications of COVID-19.
The package from QLS follows reports from Lawyers Weekly that the Law Society of NSW had dropped its membership fees by over 90 per cent to just $10 and that the Bar Association of Queensland had reduced member fees by 30 per cent.
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Jerome Doraisamy
Jerome Doraisamy is the managing editor of Lawyers Weekly and HR Leader. He is also the author of The Wellness Doctrines book series, an admitted solicitor in New South Wales, and a board director of the Minds Count Foundation.
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