BC Lawyers Vote for Electronic Distribution of Financial Statements

November 17, 2010

In a Law Society referendum this week, BC lawyers voted strongly – 97% – in favour of amending the Law Society Rules to allow distribution of the audited financial statements to members electronically rather than by traditional mail. From the Law Society announcement:

Rule 1-6(8)(b) requires the Law Society to mail to each member, not less than 21 days before an annual general meeting, an audited financial statement of the Law Society for the previous calendar year.

It has become quite common for organizations to distribute their financial statements electronically rather than on paper. Some lawyers have expressed concern that the Law Society is still printing and distributing paper copies of the financial statements. This year, the cost of printing and distributing the audited financial statements to every Law Society member exceeded $20,000.

It is the Benchers’ view that making the financial statements available to lawyers electronically would be more cost-effective, timely and environmentally friendly.

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