Law Society Of British Columbia

Organization Overview

Law Society Of British Columbia is located in null. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Law Society Of British Columbia is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 12/2021, Law Society Of British Columbia generated $55.7m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $36.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE LAW SOCIETY OF BRITISH COLUMBIA REGULATES THE LEGAL PROFESSION IN BC, PROTECTING THE PUBLIC INTEREST IN THE ADMINISTRATION OF JUSTICE BY SETTING AND ENFORCING STANDARDS OF PROFESSIONAL CONDUCT FOR LAWYERS. THE LAW SOCIETY ALSO BRINGS A VOICE TO ISSUES AFFECTING THE JUSTICE SYSTEM AND THE DELIVERY OF LEGAL SERVICES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

REGULATION PROGRAM SERVICES INCLUDE RECEIVING AND INVESTIGATING COMPLAINTS ABOUT LAWYER CONDUCT, MEETING AND REVIEWING WITH MEMBERS TO DETERMINE WHETHER DISCIPLINARY ACTION IS REQUIRED, DETERMINATION OF THE DISCIPLINARY ACTION THROUGH INVESTIGATIONS, LEGAL PROCEEDINGS AGAINST MEMBERS, AND ACTING AS CUSTODIAN WHEN LAWYERS CANNOT CONTINUE TO PRACTICE DUE TO ILLNESS, DEATH OR DISCIPLINARY ACTIONS.


INDEMNIFICATION PROGRAM PROTECTS THE PROFESSION AND THE PUBLIC FROM THE RISKS ASSOCIATED WITH THE PRACTICE OF LAW BY PROVIDING HIGH QUALITY LIABILITY INDEMNITY COVERAGE FOR LAWYERS. THE PROGRAM DELIVERS CLAIMS AND RISK MANAGEMENT AND UNDERWRITING SERVICES.


EDUCATION & PRACTICE PROGRAM SERVICES INCLUDE SUPPORT TO LAWYERS FOR ALL INQUIRIES AND ACTIVITIES RELATING TO FEE BILLINGS, STATUS CHANGES, UNCLAIMED TRUST FUNDS AND THE ADMINISTRATION FOR THE REPORTING OF CONTINUING PROFESSIONAL DEVELOPMENT. IT ALSO INCLUDES ENSURING NEW AND TRANSFERRING LAWYERS ARE PROPERLY QUALIFIED TO PRACTICE LAW, ADMINISTRATING THE PROFESSIONAL LEGAL TRAINING COURSE TO PROSPECTIVE LAWYERS, AND PROVIDING LAWYERS WITH REMEDIAL PROGRAMS TO THOSE IDENTIFIED THROUGH PRACTICE REVIEWS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Webster Hudson & Coombe Llp
Legal Service
$936,637
Dentons Canada Llp
Legal Services
$661,862
Mcewan Cooper Dennis Llp
Legal Services
$641,246
Dives Harper Stanger & Mizrahi Llp
Legal Services
$474,542
Fasken Martineau Dumoulin Llp
Legal Services
$997,400
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$36,958,785
Investment income $12,724,085
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $776,767
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $55,712,555

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