Misappropriated funds used to pay Professional Indemnity Insurance premiums

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When one hears of a solicitor misappropriating client funds, one tends to imagine the exotic – the funding of a lavish lifestyle or the paying off of huge gambling debts. But in a recent case in Ireland, the reality was rather more mundane. According to a report on newstalk.ie, it seems that the solicitor in question, who has been found guilty by the Law Society Committee, had put the money towards paying taxes, professional fees and his professional indemnity insurance premiums