102 / 462
g a z e t t e
april
1991
The Solicitors Financial Service
The company Solicitors Financial
Service (SFS) formed by the Law
Society in 1989 is now almost 18
months old. As stated in the annual
report (copies available) over 2 60
f i rms had joined up to 3 0 th
September, 1990.
A high proportion of member
firms have rejoined and along w i th
the " n e w " members joining the
total membership now is around
the same level as last year.
It is wo r th noting that in these
days of rising costs the SFS has
REDUCED t he fee, as s h own
below.
lighted to learn that their solicitor,
through the SFS, can provide
expert advice on I nves tmen t.
Solicitor members need to inform
clients, if necessary in a circular,
that the service is available. Even a
small amount of marketing will
yield surprising results. It may
surprise solicitors to know that t wo
ac t ual w i nne rs of subs t an t i al
amounts in the National Lottery
have been advised by SFS to the
not u nwe l c ome p r o f it of t he
solicitors concerned.
Clients receive a very com-
prehensive investment report and
No. of Solicitors
Subscription
VAT
Total
in Practice
Rata
- £-
- £ -
- £ -
Sole Practice
100.00
23.00
123.00
2 - 5
200.00
46.00
246.00
6 - 1 0
250.00
57.50
307.00
11 and over
350.00
80.50
430.50
Sinead Burke
Sedgwick Dineen
Joining the scheme is simpla You
send a cheque payable to The
Incorporated Law Society for the
relevant amount and you then
be c ome registered. Se d gw i ck
Dineen takes over from there and
a Consultant will visit the firm and
introduce t he service to you.
Incidentally many new members
may be wondering why they have
not received the plaques and
display stands, the reason being
that all the stock has had to be re-
ordered and the user manuals have
had to be reprinted. Over the
next f ew wee ks t he t e am of
Consultants will be delivering new
stocks.
Comparing the last four months
since the October renewal to the
same period in 1989,
more
income
has been generated and this trend
is very encouraging. In order for the
s c h eme t o ach i eve o p t i m um
results, individual solicitors in each
firm
must
generate enquiries.
There are a large number of
solicitors clients who will have
surplus funds, whether large or
small, who will be only too de-
S e d g w i ck D i neen w i ll me et
him/her and their solicitor to dis-
cuss the various options avail-
able. Remember that Sedgwick
D i neen is c omp l e t e ly
inde-
pendent of any bank, financial
institution or insurance company
and can give advice on the most
suitable products available to the
client.
There are many other examples
such as providing advice to clients
on inheritance tax planning or
implications wh i ch the budget has
on Section 60 Policies.
Members of the Profession are
urged to seriously consider mem-
bership of the service, as it has
proved to be a substantial source of
additional income for its members.
It is a system wh i ch is very simple
to operate and enables a solicitor to
provide an expert service in an area
of client business whe re t he
solicitor does not have to be expert
himself.
•
SINEAD BURKE
Fast & Efficient
Taxation of Costs
BILLS OF COST DRAWN AND
LODGED FOR TAXATION
WITHIN TWO WEEKS.
SEND YOUR FILE TO.-
LORD & CO.
Legal Cost Accountants
61 Merrion Square,
Dublin 2.
Phone 616729/616996
84