14Law practice unable to comply

14 Law practice unable to comply

14 Law practice unable to comply

(1) If a law practice is unable to comply with sections 11–13, the law practice must request that the Law Society determine the amount the law practice must deposit and keep deposited in the Law Society account.

(2) The request must be made—

(a) in writing, and

(b) in a form approved by the Law Society.

(3) A law practice is taken to comply with sections 11–13 for an applicable period if the law practice—

(a) makes a request under this section, and

(b) ensures the amount determined by the Law Society is kept deposited in the Law Society account from the day that is 5 business days after the law practice is notified of the determination.