Functions and powers of Academy
4.
—(1)  The functions of the Academy shall be as follows:
(a)
to promote and maintain high standards of conduct and learning of the legal profession in Singapore;
(b)
to promote the advancement and dissemination of knowledge of the laws and the legal system and to promote research and scholarship;
(c)
to provide continuing legal education for its members;
(d)
to provide legal training and education for persons intending to practise the profession of law;
(e)
to consider proposals and suggestions regarding matters which are referred to the Academy by the Law Society or the Board;
(f)
to refer to the Law Society or the Board proposals and suggestions regarding matters which in the opinion of the Senate require consideration by the Law Society or the Board; and
(g)
to promote good relations and social interaction amongst members and between members and law students and persons concerned in the administration of law and justice in Singapore.
(2)  The Academy may for the purpose of performing its functions —
(a)
provide training and educational facilities for persons practising and intending to practise the profession of law;
(b)
establish a library and common rooms for its members;
(c)
grant prizes and scholarships and establish and subsidize lectureships in educational institutions in subjects of study relating to law;
(d)
contribute a collegiate element in the training of students and young lawyers by organising moots, lectures, talks and practical exercises;
(e)
provide facilities for social interaction amongst its members and between its members and law students;
(f)
purchase or lease any land or building required for any of the purposes of the Academy;
(g)
sell, surrender, lease, exchange or mortgage any land or building as may be found most convenient or advantageous;
(h)
receive grants from the Government or donations and gifts from the Law Society or any source;
(i)
borrow money whether by way of bank overdraft or otherwise for such of the purposes of the Academy as the Senate may from time to time consider desirable;
(j)
invest the moneys of the Academy, not immediately required, in any investments authorised by law for the investment of trust funds; and
(k)
do all such other things as are incidental or conducive to the attainment of the functions of the Academy.