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Client compensation fund gets hefty increase

Thursday, October 20, 2016 @ 8:00 PM | By John Schofield

Clients who have money stolen by dishonest lawyers in Ontario can now be compensated by the Law Society of Upper Canada for up to $500,000 — a dramatic increase over the previous limit of $150,000.

It is the first increase the regulatory body has made in the compensation limit since 2008. It was approved by members of convocation, the law society’s board of directors, at their Sept. 22 meeting. The new policy is not retroactive.

“We were of the view as a committee that it was...