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LEGAL PROFESSION UNIFORM LAW (NSW) - SECT 239
Claims by law practices or associates about notional defaults
(1) This section applies if a default of a law practice arising from or
constituted by an act or omission of an associate of the law practice was
avoided, remedied or reduced by a financial contribution made by the law
practice or by one or more other associates.
(2) The default, to the extent
that it was avoided, remedied or reduced, is referred to in this section as a
"notional default" .
(3) This Part applies to a notional default in the same
way as it applies to other defaults of law practices, but only the law
practice or the other associate or associates concerned are eligible to make
claims about the notional default.
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