Insolvency lawyers needed for Victorian Legal Services Board panel
The Victorian Legal Services Board (VLSB) is seeking expressions of interest from insolvency lawyers to join their External Intervention Panel.
Under the Uniform Law, the VLSB has the power to appoint a supervisor to manage a law practice’s trust account, or a manager to take over the management of an entire practice.
These external interventions occur when a practice either fails to, or is unable to, protect the interests of its clients, in such circumstances as insolvency, death of the principal practitioner, trust irregularities, etc.
The VLSB is inviting suitably qualified people to make an offer for appointment to the Board’s External Intervention Panel.
They welcome offers from sole practitioners as well as from partners or principals of other types of practices. They anticipate the Panel will comprise practitioners from a wide range of practices and with different practice backgrounds.
In particular, the Board is interested to receive offers from practitioners with insolvency law experience.
More information and applications