Solicitor Thomas Byrne

A DUBLIN solicitor found guilty of misconduct last year has had his client files removed and his practice closed.

A High Court judge has also granted an injunction to IIB Bank against Thomas Byrne, of Thomas Byrne & Co on 78 Walkinson Road, from reducing his assets below €9m.

Byrne, of Lad Lane, Baggot Street, Dublin 2, has also been ordered to stop using his bank accounts.

The Law Society has also started action against the 41-year-old, who was found guilty of misconduct ‘in his practice as a solicitor’ on December 7, 2006 by the Solicitors Disciplinary Tribunal on eight counts.

These included the fact that he allowed a €1,696,969 defecit in his client account, failed to maintain proper accounts between dates in 2004 and 2005 and ‘allowed personal transactions of the solicitor himself to be draw down from the client bank account, where no cleared funds were held on his behalf.’

He also failed to ‘ensure that receipts into and payments from the client bank account were supported by third party documentation’.

As a result, he had to pay €15,000 to the Solicitors’ Compensation Fund and pay the Law Society’s costs.

Byrne – a director in Compass Property Developement – is the second Dublin solicitor in as many weeks to have had action taken against him by the Law Society of Ireland. Michael Lynn is currently due before the High Court again in two weeks time. IIB Bank is also taking action against him.

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