The Supreme Court of Virginia approved on Friday the assessment of a $25 fee on all active members of the Virginia State Bar to support the Clients’ Protection Fund.
The approval had been expected because the VSB Council had recommended the measure and the General Assembly had adopted enabling legislation earlier this year. The assessment will be added to the VSB’s annual dues of $250.
The fund was set up to reimburse by up to $50,000 the victims of theft by lawyers when no other source of recovery is available.
The court also approved doubling the delinquency and reinstatement fees for lawyers who are late in completing their continuing legal educations requirements or in paying their annual dues. Those fees will increase to $50, $100 or $150, depending on the delinquency or reinstatement involved.