IN GOOD FAITH: Keeping lawyers legal
KwaZulu Natal leads the way in giving practical and constructive guidance to young attorneys — after claims against fidelity fund exceeded R250m in 2014
Meet Smanga Ngubane, a young Durban attorney just starting out on his career. He’s one of a new generation of lawyers who leaders of the profession hope will help reduce claims against the Attorneys Fidelity Fund and revive public confidence. With claims against the fund standing at over R250m in 2014, the most recent year for which there is a published report, officials have long been considering how best to curb the theft of trust funds. Now they hope they have hit on a constructive way forward for all parties. Ngubane (28) is part of a new compliance-support programme sponsored by the fund. It started about two years ago in KwaZulu Natal where participation is compulsory for all new attorneys practising for their own account. Attorneys join the programme for up to two years, during which they are helped to develop office practices that comply with the profession’s trust account auditing standards. Assistance, including the audits themselves, comes at no cost to the attorney durin...
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