The Law Society of South Africa (LSSA) and the Examination committee, today decided that based on the leaks of the attorneys admission examinations, all four (4) papers should be rewritten in October 2018, with the exact dates to rewrite the examinations to be confirmed.
Business Review - Most ex large-practice conveyancers have a love/hate relationship with banks. I share the sentiment. I business-bank with Nedbank to access, what has become the industry standard for handling client deposits and guarantees, Corporate Saver.
In terms of South African Law - in a marriage between a man and a woman - it is the domicile of the husband at the time of the marriage which governs the patrimonial consequences of a marriage. (This brief article does not purport to deal with a marriage or civil partnership concluded between two males, or between two females, in terms of the Civil Union Act No. 17 of 2006)
Nigiri Law by Barry Varkel - So many firsts…first funny book on the South African law process, first time I have heard of a stand-up comedian who is a qualified and practicing attorney and author on top of that and the first time I have done a book review for Tech4Law.
I have read articles reporting on the welcome acceptance of a Power of Attorney to transfer land, signed using an Advanced Electronic Signature, by the Registrar of Deeds in Bloemfontein. I have also read with disappointment and surprise the comments that the report sparked.
What does it mean to be a data-driven lawyer in 2018? For most law firms, it means access to key data points that can help inform better, more confident business decisions. The problem for most firms is getting quality data. Fortunately, as firms rely more on technology, we’re able to generate reliable insights that are both context-specific and actionable.
Read more at Above the Law...
Business Review - It is common cause that our SOE’s have been managed into financial difficulty. What to do? Borrow money from the public service pension scheme to such an entity and convert the loan to equity and voilà, the problem is solved. The government still controls the SOE involved and the debt disappears.
Ryan Barlow, Chief Technology officer, e4 says that when it comes to the insurance sector, it is mobile-only as insurance brands grapple with disruption from lighter, more agile technology rich cloud insurance products: “It is no longer just mobile-first, thanks to the dominance of technologies such as AI, ML and IoT and start-up companies taking full advantage of this phenomenon.”
The legal event that was a “no-brainer” for all small to medium law firms to attend this year has just passed – here are some of the highlights I picked up from the seminar.
Economic review - The Rand has plummeted against the US dollar of late: understandably if one considers the poor performance of our retail stocks of late, growing state debt and so on. Seemingly out of step are the following:
Economic review - It is not only South Africa that is again experiencing an economic slowdown: the European Commission cut its forecasts for the Eurozone’s economic growth this year to 2.1 percent. The economies of both France and Germany are expected to lose steam both this year and the next. The slowdown is attributable to the growing trade tensions with the US.
The Hague Institute for Innovation of Law (HiiL) is pleased to announce the Southern Africa finalists for its Innovating Justice Challenge 2018.
Leading provider of content and technology solutions, LexisNexis South Africa, recently appointed Stephen Okelo-Odongo as Chief Operating Officer, while Gcobisa Ntshona has been appointed as Human Resources Director.
Order without law: ADR - Universities, in the past, taught on the assumption that litigation is the primary method of dispute resolution. This mindset is therefore that which tends to dominate when lawyers are involved in dispute.
Conveyancing should remain the domain of the Conveyancer - Software as a Service technology company, e4 has reiterated its support for conveyancers and legal practitioners following a recent ruling in the Pretoria High Court, which found that administrative processes inherent to property transfers in South Africa should remain within the ambit of the legal fraternity.
Economic review - It has been said that the state needs to nationalise the SA Reserve Bank. One of the arguments against nationalisation is that the bank does not make much money anyway. Judge for yourself: The March profit before tax of that entity was R3.2bn; its governor earns R7m per annum.
The Gauteng Law Council along with sponsors Lexis-Nexis and AJS Legal Accounting will be hosting a seminar on how law firms can beat the challenges facing the profession today. If there is only one seminar you attend this year, this should be it! This one-day Boot Camp, specifically for Small and Medium Law Firms will give you the practical advice and tools you need to create and maintain a sustainable practice.
I attended the Legal Tech Fest in Rosebank recently and I thought I would share what I learnt from the 2 day conference.
Attorneys who conduct litigation at a snail’s pace and flout strict high court directives aimed at making justice more accessible to all South Africans might have to pay for the delays from their own pockets in future. Mpumalanga High Court Judge President Francis Legodi became so annoyed with cases on the civil roll either being settled at the very last minute or unnecessarily delayed that he last week granted a series of court orders depriving attorneys of their day fees.
Read more at The Citizen...
Economy - Earlier in the year we were treated to predictions of anything between 1.8 – 2.1% economic growth in South Africa. Good news, by latter-day standards. The effect of this was an uptick in business confidence and the like.
This week past I came across an Assistant Registrar of Deeds poring over a case in which the presiding judge had a really unpleasant things to say about the Johannesburg Registrar of Deeds. This case, I believe, will lead to changes that will be made in our deeds registration procedure.
Economy - Can you remember when the Reserve Bank first had a go at VBS Mutual Bank? There were cries of racism (the Reserve Bank, really?) and so on. The latest is that several municipalities stand to lose some R1.5bn as a result of the shenanigans within that institution. One can but wonder what happened to those initially distraught?
According to Joshi, “Blockchain is a technology that focuses on increasing transparency and introducing decentralization that will allow the technology to enable everyone on the network to view information stored on ledgers.”
A week ago conveyancers heaved a collective sigh of relief when an attempt by non-conveyancers to, legally, do reserved conveyancing work, was given short shrift by our High Court.
The Hague Institute for Innovation of Law (HiiL) is looking for South Africa's most promising solutions to access to justice problems, and we're running out of time to do it!
Economy - Can Gordhan sell SAA off or close it down? Leich (Daily Maverick) opines no. Who would buy a terminally ill airline?
Often, usually specialist, work is legally reserved to a profession or specially qualified group of persons – in order to protect the public. When it comes to conveyancing, a specialist field within a professional grouping, the factors at work are primarily that a fair amount of additional expertise is required, and probity – conveyancers work with a great deal of money.
Economy - Warren Buffet has likened Bitcion to rat poison squared. One buys Bitcoin in the expectation that a rising price will be created as more buyers would want to buy the same item and pay more. Interestingly this was said just prior to reports of a plunge (a drop, yes but hardly that) in crypto currencies’ price.
The Law Society of South Africa (LSSA) welcomes the judgment delivered on 16 May 2018 at the Gauteng Division of the High Court in the matter Proxi Smart Services (Pty) Limited vs the Law Society of South Africa and Others.
LexFutures, a legal data analytics provider based in Cape Town, has launched a Constitutional Court Fantasy Prediction League in partnership with UCT Law@Work and Juta Law.
The President and Council of the KwaZulu-Natal Law Society announce the appointment of Pearl Arnold Mfusi as Director of the KwaZulu-Natal Law Society and record their congratulations on such appointment.
Economic review - Faust made a deal with the devil: so too, it is said, did the USA in the Bretton Woods agreement; upon which agreement our current practice of using the US dollar as a reserve currency, is founded.
The Cape Law Society (CLS) has noted with great concern an article in The Herald of 19 April 2018 by Ms Nomazima Nkosi titled “ANC slams magistrate in Lungisa case”.
Johannesburg attorney, Emile Myburgh’s article on ‘Holding delinquent directors personally liable’ has won him the 2017 LexisNexis Prize for Legal Practitioners for the best article by a practising attorney published in De Rebus.
Business - The role of salary in motivation is oft explored; the summation of which is self evident: salary matters much for the poor and much less for the wealthy. Large organisations tend to award across the board salary increases, which, incidentally, is going to be about 3% this year, according to PayScale.
Economic review - There are a number of signals that our economy is picking up. One of them, significant for the likes of I, is a report from Loos that, on a scale of 10, our housing sales activity rating rose to 6.18 points in the 1st quarter; up from a multi-year low in the previous quarter.
Leading South African law firm, Webber Wentzel, has adopted Luminance’s Artificial Intelligence technology to enhance its due diligence processes for M&A transactions. The agreement marks another major international win for the fast-growing AI platform.
Roughly a third of South Africa's dollar millionaires studies law, a new report by AfrAsia Bank and New World Wealth says. The South Africa Wealth Report, released on Thursday, found that South Africa has 43,600 dollar millionaires, defined as individuals with assets worth more than R11.9 million, based on current exchange rates.
Read more at Business Insider South Africa...
Mthatha attorney Mvuzo Notyesi and Somerset West attorney Ettienne Barnard were elected Co-Chairpersons of the Law Society of South Africa (LSSA) at its annual general meeting in Cape Town on 23 March 2018.