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Legal Practitioners Fidelity Fund

Purpose of the fund

The primary purpose of the Legal Practitioners Fidelity Fund (‘the Fund’) is to reimburse clients of Legal Practitioners who may suffer pecuniary loss due to the theft of money or property entrusted to an attorney in the course of his/her practice as such, or where an attorney acts as executor or administrator in a deceased estate, or as a trustee in an insolvent estate.

What is the LPFF?

Legal Practitioners Fidelity Fund

The primary purpose of the Legal Practitioners Fidelity Fund (‘the Fund’) is to reimburse members of the public who may suffer pecuniary loss, not exceeding the amount determined by the Minister from time to time by notice in the Gazette, as a result of theft of any money or other property given in trust to a trust account practice in the course of the practice of a legal practitioner, where the legal practitioner acts as executor or administrator in a deceased estate, or as a trustee in an insolvent estate.

The Legal Practitioners Fidelity Fund Certificate Application Form was published on 30 September 2015 and certain information fields are compulsory in your application. To assist practitioners, the application form was automated and applications are only accepted through this online process.

Risk Management is central to good corporate governance of the Fund. It is a process the Fund adopts to achieve the right balance between innovations and change on the one hand and the avoidance of shocks and crises on the other.

 

LPFF releases updated notices and and provides alerts for both the legal practitioners and general public.

LPFF has offices in both Cape Town and Centurion.

Contact us on email or call one of the offices and lets start a conversation to assist you.

Apply for a bursary with us

The minimum requirement for qualification for such a bursary is a BA (Law), B Comm (Law), B Iuris or B Proc degree or a similar qualification or proof of successful completion of the first two years of the revised 4-year LLB curriculum.

If you are currently in the 1st semester of your second year, we can assist with a bursary for your 3rd and 4th year of study.

Click the button below to find out more about our bursary requirements.

Apply for a bursary

Visit our conference centre

Venue Hire & Equipment Pricing:

Auditorium: R13 932.00

Conference Rooms: R8 400.00

Executive Boardroom: R11 500.00

Package rate per delegate as follows. R700.00

The Mandela Rhodes Place Hotel parking building in Burg Street,

or the City Car Park in the Memorial Hospital building, which is situated in Loop Street.

 

NB: All prices quoted above are excluding VAT. Please refer to your event’s quotation for actual pricing.

What type of trust accounts can be opened?

The trust banking of legal practitioners is regulated by Section 86 of the Legal Practice Act (28 of 2014) Find out more as a legal practitioner what kind of trust accounts you can open.

Visit the page