Member Benefits

Access outline information here on Law Society membership entitlements and financial benefits.

Member Services Directory

For a comprehensive list of all the services we offer members, please see the latest Member Services Directory.

Apply for membership

You can purchase membership as part of the practising certificate process or you can renew or buy membership on it own:

Fees

The cost of standard membership of the Law Society is €85. However, discounted fees also apply as follows:

  • Less than one year qualified - €20
  • Less than three years qualified - €55
  • Unemployed and registered with Career Support - free
  • More than 50 years qualified - free.

Membership entitlements

Taking out or renewing membership of the Law Society entitles you to many benefits, including:

Make sure your membership is up-to-date:

Financial benefits

The society operates a range of schemes to assist solicitors with their financial obligations. Click on the links below for information on each scheme.

Retirement Trust Scheme

The Law Society Retirement Trust Scheme has  been helping Law Society members to save for retirement in a flexible and tax-efficient way since 1975.

The scheme is open to all members under age 75 who are either self-employed or in non-pensionable employment. You can make regular or once-off payments, and you have the flexibility to start, stop or resume saving at any time

The scheme is run specifically for Law Society members. Charges are transparent, and low compared to most individual pension arrangements.

  • No charges are deducted as contributions go in.
  • There is an annual management charge which varies depending on the fund you choose – the maximum charge for any fund currently available is 1%.
  • There are no flat policy fees, commissions or exit charges, as frequently occur in individual pension contracts.

Governance of the scheme is strong. A professional trustee company (Irish Pensions Trust Limited) governs the scheme and has the power to make changes to the Scheme. A committee of Law Society members (the Solicitors Retirement Fund Committee) oversees the Scheme and the trustee company. By contrast, if a member decides to invest monies in their own individual pension through a contract with a pension provider, there is no independent oversight or review of the pension arrangement unless the member pays an advisor to provide this.

The scheme is administered by Mercer. In a new initiative, it is planned that contributing members over 50 will be invited to meet individually with a Mercer Pension Advisor, free of charge, over the next number of years.

Booklet - Retirement Trust Scheme

You can find out more about the benefits of joining the scheme by accessing the Member Booklet.

Contact Mercer

For further details, or to find out how to join please contact the JustASK helpline.Telephone 1890 275 275 or email justask@mercer.com.

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Card Payments - Elavon Merchant Services

Many solicitors’ practices find that clients prefer to pay for services with credit or debit cards. Some firms already use card payment terminals very successfully - they are a useful tool in helping to manage cash flow and they can save time and effort in chasing payment.

The Law Society is pleased to announce that it has secured preferential rates for credit/debit card terminals for Law Society members from Elavon Merchant Services, as well as free engineer installation of your terminal and training on the day.

Terminal rental starts at €18 per month. Ask for the Law Society’s preferential rates. Elavon can be contacted by telephone at 1800 995 085, by email or visiting their website.

Group Life Assurance

In 2017 the Law Society will continue to offer a Group Life Assurance Scheme. The scheme has been placed with Friends First and the minimum conditions are as follows:

  • The scheme provides cover of €47,500.
  • Health Declaration not normally required, but insurers reserve their rights in this regard.
  • The scheme primarily covers practising certificate holders; the annual scheme premium of €50 is included in the practising certificate fee for 2017.
  • Solicitors in the full-time service of the State, who are exempt from holding Practising Certificates pursuant to the Solicitors Acts, judges and county registrars may also apply to join the scheme, provided they are members of the Society and pay the scheme premium of €50 during the month of January 2017.
  • Cover is only operative where the insured is under 70 years of age at the date of death.
  • The scheme allows for ‘days of grace’ between 1 January and 1 February 2017 for those covered by the scheme on 31 December 2016, that is, during the Practising Certificate renewal period.
  • Any pay-out under the scheme forms an asset in the deceased's estate.

Claims should be notified to Yvonne Burke, Law Society of Ireland, Blackhall Place, Dublin 7. Telephone 01 6724901 or email Yvonne Burke.

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Finance Scheme

The Law Society is pleased to advise that it has partnered with Bank of Ireland as exclusive provider of a finance facility for members who wish to finance payments for professional indemnity insurance and practising certificates.

Bank of Ireland is very aware of the financial call on solicitors and their practices at various times of year and, with this in mind, they have a range of short and long term financial solutions to meet your needs.

Bank of Ireland can provide short-term finance for terms up to 11 months to members or firms who have a proven credit track record and meet standard lending criteria, so that the cost of these large annual payments may be spread over a term of up to 11 months. This could assist your business’s cash flow.

The scheme offers highly competitive variable rates which apply to the cost of borrowing for:

  • Professional Indemnity Insurance and
  • Practising Certificate Fees

Rates

The rate for unsecured lending is 6.76% (APR).

Repayments vary depending on the amount borrowed. The table below shows some examples:

Loan Amount Interest rate Term in Months Monthly Repayments Total Cost of Credit
€5,000 6.76% 11 €469.97 €169.37
€10,000 6.76% 11 €939.93 €339.23
€15,000 6.76% 11 €1,409.90 €508.90
€20,000 6.76% 11 €1,879.86 €678.46

* Variable rates quoted are correct as at 14/10/2016 and are subject to change. 

Bank of Ireland has over 300 experienced business bankers who are familiar with lending to solicitors and their local business team would very much welcome an opportunity to talk to you about your financial needs.  

To apply for a business loan today, please complete the application form which is available on the Bank of Ireland website or in your local Bank of Ireland branch. The website also has a wide range of supports to help you in completing the application form, including a useful cash flow planning tool to help you forecast your cash position for the next 12 months. Up-to-date financial information will be required to complete a lending application. As with all borrowing, normal lending criteria, terms and conditions apply.

Contact Bank of Ireland

To find out more, contact the dedicated Credit Line on 1890 365 222 or email businesslending@boi.com. You can also contact the Law Society - email Yvonne Burke or call 01 672 4901.

 

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