This is a pattern on Ravelry known as the "Grown-Up Tee", because it was originally published as a kid's pattern. There are only two other projects for the adult version of this pattern posted on Ravelry, which strikes me as strange since this is kind of cute, and not hard to knit.
One modification I made was to add shaping to the lace section by using smaller needles above the hip, and reducing one stitch per lace repeat at the waist level. It is *extremely* subtle since the 100% silk yarn (ColourMart again) is very drapey and the ribbed lace pattern does not really draw in, but in my imagination the blockiness of the pattern as designed (no shaping whatsoever) is avoided. (To be fair to the designer, if this was knitted in wool as intended, the ribbing would naturally pull in to create the illusion of shaping.)
It is an interesting exercise to apply my sewing and fitting knowledge to knitting patterns. The pattern as designed is the same front and back, which would make for a very wide open and low-feeling back neck. I added some short rows which start along the top of the sleeve to add approximately 2.5cm (1") to the back neck. At left is a photo of the sleeve, taken from above, showing where the short rows start. The line is approximately where the neckline as designed would have fallen.
I am going to my sewing room now to contemplate Claire Shaeffer's latest Chanel jacket pattern...