This note is not part of the regulations, but is intended to indicate their general effect.
These regulations, which come into force on 1 August 2008, set out the circumstances in which lawyers and patent attorneys may share income. Income may be shared between—
a practice and a patent attorney firm:
a mixed practice and a practice:
a patent attorney firm and a mixed practice:
lawyers and patent attorneys in the same mixed practice:
lawyers and patent attorneys in a company carrying on business as a patent attorney pursuant to section 103(2) of the Patents Act 1953.
The term mixed practice covers a firm that includes both lawyers and patent attorneys within a partnership.
Regulation 5 requires practices and mixed practices to give notice of certain matters relating to income-sharing arrangements to the New Zealand Law Society.
Regulation 6 is a transitional provision relating to notices.
Regulation 7 ensures that information provided by lawyers in mixed practices informs consumers, potential clients, and existing clients whether they are dealing with a lawyer or a non-lawyer.
Regulation 8 provides that certain rules set out in the Lawyers and Conveyancers Act (Lawyers: Conduct and Client Care) Rules 2008 do not apply to lawyers providing services under an income sharing-arrangement.
Date of notification in Gazette: 31 July 2008.
These regulations are administered by the Ministry of Justice.