Gift to Solicitor/family/colleague
Conduct issues regulated by the SRA:
Principle 2 – act with integrity
Principle 4 – act in the best interests of each client
Chapter 3 – conflict of interests – you should not act where “significant risk that the
duty to act in the best interest of the client conflicts with their own interest”
Chapter 1 – Client care – IB 1.9 “refusing to act where your client proposes to make a
gift of significant value to you or a member of your family, or a member of your firm
or their family UNLESS the client takes independent legal advice”
Law society practice note - when preparing a will when a client is leaving a gift for
you/your family/ a member of your firm/their family ‘significant’ means:
o “a gift worth more than £500 should be considered carefully and anything
worth more than 1% of the current net estate can be assumed to be
significant”
Conduct issues regulated by the SRA:
Principle 2 – act with integrity
Principle 4 – act in the best interests of each client
Chapter 3 – conflict of interests – you should not act where “significant risk that the
duty to act in the best interest of the client conflicts with their own interest”
Chapter 1 – Client care – IB 1.9 “refusing to act where your client proposes to make a
gift of significant value to you or a member of your family, or a member of your firm
or their family UNLESS the client takes independent legal advice”
Law society practice note - when preparing a will when a client is leaving a gift for
you/your family/ a member of your firm/their family ‘significant’ means:
o “a gift worth more than £500 should be considered carefully and anything
worth more than 1% of the current net estate can be assumed to be
significant”
