![]() CATEGORIES: BiologyChemistryConstructionCultureEcologyEconomyElectronicsFinanceGeographyHistoryInformaticsLawMathematicsMechanicsMedicineOtherPedagogyPhilosophyPhysicsPolicyPsychologySociologySportTourism |
Same numbered gap in the text.For each question 31-36, write the new word in CAPITAL LETTERS on your Answer sheet. Ruling on Proceeds of Crime Act The Court of Appeal has ruled that lawyers do not have to report their clients Under the money-laundering rules if they suspect them of tax (31) . or Even the most minor financial (32) .. Uncertainty had arisen because Section 328 of the Proceeds of Crime Act Makesit an (33) . . for a personto be involvedin an arrangement Which he knows or suspects would (34) (by whatever means) the Acquisition, retention, use or control of criminal property by or on behalf of Another person. Lawyers had been taking the view that to avoid (35) . proceedings or Prosecution when in receipt of suspicious information from clients under Circumstances of legal privilege, they had to make a (36) to the National Criminal Intelligence Service and obtain consent to continue. EVADE REGULAR OFFEND FACILE DISCIPLINE DISCLOSE ILECpractice test E Part 4 Questions 37-42 Read the questions below and the extract on the opposite page from a journal Article about client selection. Which section (A, B, C or D) does each question 37-42 refer to? For each question 37-42, mark one letter (A, B, C or D) on your answer sheet. You will need to use some of these letters more than once. There is an example at the beginning (0). Example: 0 It is important for a firm to follow an existing procedure. ~ ABC D I 0 ==== A firm may act with undue haste if it has failed to anticipate adverse economic Conditions. A financial outcome for a firm may be the reverse of that intended. It can be prudent for a firm to move into a specialty that is less affected by Fluctuations in the economy. 40 A bad decision may result in a drain on a firm's resources. It is undesirable for commercial pressures to determine the continuation or Otherwise of representation. A firm may underestimate the requirements of an aspect of law in which it Lacks experience. The Prudent Course Ethical and Practical Considerations in Client Selection A Like many other segments of society, law firms keenly feel the effects of an economic Downturn. Corporations carefully examine their bottom line, and ask lawyers to deliver More for less. In such circumstances a law firm has several options to increase its Profitability. Seeking to enhance or establish a practice in an area of law that seems Impervious to economic swings, or in an emerging area with a high demand for legal Services, is one logical response. In fact, it is a most judicious response if a firm is willing To expend the resources - time and money - to become immersed in the area. B Law firms with a long-range plan are generally better positioned to weather an economic Downturn. A problem arises, however, when a firm, without a plan for survival, reacts precipitously when its client base and/or income begin to decrease dramatically. For Date: 2015-12-11; view: 1670
|