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Keeping an interest in client accounts and paying tribute to an olympic flagbearer: your letters to the editor
Keeping an interest in client accounts
Jonathan Goldsmith raises perfectly properly the question of interest on clients’ accounts – an issue which will increase in importance along with interest rates (24 February).
Where there is interest available beyond the rate required to be paid fairly to clients – ‘Interest on Lawyers Trust Accounts’– some other jurisdictions mandate payment of that interest to what they consider to be good causes.
But the absence of that mandate in our jurisdiction in no sense prevents the payment of IOLTA to charity, which is precisely what some firms do.
And as representative trustee of the Law Society on the Access to Justice Foundation, I trust I can be forgiven for promoting them as worthy recipients to anyone with interest to share.
Simon Davis
President of the Law Society, 2019/20
Olympic flagbearer – Allan Jay RIP
I am writing to inform you that my father Allan Jay, a well-known and respected solicitor, died on 5 March at the age of 91. He went up to Oxford to read law, qualifying as a solicitor in 1959, and then set up practice in Swedenborg House in Bloomsbury Way, London with Bernie Glassberg, who at the time was a managing clerk.
Bernie subsequently qualified as a solicitor, and then, in 1965, Stephen Jacobi, a human rights lawyer, joined them as equal partners. Allan dealt with conveyancing, wills and probate. After Glassberg died tragically, he and Stephen Jacobi moved to premises in Hampstead.
In 1991, my father and Stephen Jacobi parted ways, and my father retired at 60. He leaves a wife, Carole, two daughters, a granddaughter and a great granddaughter.
Your readers might also be interested to know that Allan was an Olympic fencing champion. He competed internationally in 1950 for Australia, where he spent part of his childhood, and was five times British champion at the British Fencing Championships. He competed in five Olympics in both épée and foil, winning silver medals at Rome in 1960 (pictured) in individual and team épée. He was Great Britain’s flagbearer at the 1964 games and also at Los Angeles in 1984.
He was elected to the International Jewish Sports Hall of Fame in 1985.
Georgina Jay
London
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