Project:

The lace pattern is well-known (true lace pattern, taken from a stitchionary, try Barbara Walker) and is easy going after a couple of repeats.

Pattern:

Lace pattern when knitting in the round:
r1: k9, k2tog, yo, k1, p, k1, yo, ssk, k9
r2: k8, k2tog, k2, yo, p, yo, k2, ssk, k8
r3: k7, k2tog, k3, yo, k1, p, k1, yo, k3, ssk, k7
r4: k6, k2tog, k2, yo, k3, p, k3, yo, k2, ssk, k6
r5: k5, k2tog, k4, yo, k2, p, k2, yo, k4, ssk, k5
r6: k4, k2tog, k3, yo, k4, p, k4, yo, k3, ssk, k4
r7: k3, k2tog, k5, yo, k3, p, k3, yo, k5, ssk, k3
r8: k2, k2tog, k4, yo, k5, p, k5, yo, k4, ssk, k2
r9: k1, k2tog, k6, yo, k4, p, k4, yo, k6, ssk, k1
r10: k2tog,
r11-14: knit

When knitted back and forth, replace:
k with p and p with k
k2tog with p2tog through back loop
ssk with p2tog

Body:
CO 218 st and join in the round, add a stitch marker after 109 sts (side). Knit 8 rows garter stitch (1 row knit / 1 row purl). Then (optional: add stitch markers before the lace patt. sections)
k15, lace patt, k2, lace patt, k2, lace patt, k2, k15, slip marker, k15, lace patt, k2, lace patt, k2, lace patt, k2, k15. After once completing the lace pattern, continue in stockinette on the back side and with 8 repeats of the lace pattern on the front.
At the same time for side shaping, dec 6 x 4 st (2 st on each side) in every 7-th row; continue straight 14 rows; then inc 4 x 4 st in every 14-th row.
After having 8 repeats of the lace pattern on the front side set aside the front. Knit the back side back and forth as follows: dec 5, 4, 2, 1 sts on every 2nd row for the armhole; continue straight 12 cm; bind off 24 sts in the middle for the neck line; continue 10 cm on both sides and BO. P
Pick up half of the stitches for the front side and knit back and forth as follows: dec 5, 4, 2, 1 sts on every 2nd row (continue straight afterwards) for the armhole; at the same time dec 3st first time then dec 1 st every 2nd row for the neckline until you have 22 st left, continue straight until you have 22cm from armhole to the shoulder. At the same time continue with one repeat of lace patt. Do the same (mirrored) for the other half front.

Sleeves:
CO 68st. Knit stockinette with one lace patt in the middle (r1-14). Dec3, dec2, dec1 8 times in every second row. Dec2 three times, dec3 in every second row. BO.

Turned out a bit large, next time a tighter gauge or fewer sts.