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Parliament has also directed the Law Society to make rules dealing with the
money accounts to be kept by solicitors
21. What is the governing rule regarding monies in trust?
By these rules which apply to all solicitors, all clients monies or monies in
trust where the solicitor is a sole trustee, which are held by a solicitor, must
be kept in a bank entirely apart from the solicitors own monies and the
solicitor must keep adequate books of account to enable clients monies at all
times to be distinguished from the solicitors own money. One clients own
money must not be used, save with his consent, to finance another client
22. What is required to ensure compliance?
To insure compliance, each practicing solicitor is required to submit annually
to the Law Society a certificate signed by a member of one of the recognized
accountancy bodies to the effect that the rules have been complied with.
23. What is the fountainhead of the legal profession?
Legal education is the fountainhead of the legal profession.
24. What are the three major legal systems that meet in the Philippines?
In the Philippines, the worlds three (3) major legal systems meet. Roman Civil
Law and Canon Law introduced through Spain, English Common Law through
the United States and Islamic Law from Islamic part of the world.
25. Define legal education.
Legal education refers to the formal training which goes into the making of a
lawyer.
26. Which has taken over the continuing legal education of the judiciary?
With regard to the judiciary, the PhilJA has taken over the continuing legal
education of the judiciary