Our clients that renewed during this period recorded an average fee increase of 7.5%. The partner size segment that experienced the largest growth in percentage terms was 11-25 partners, at 11.3%.
Despite all of its advantages by way of ease and efficiency in a digital world, storing data within the cloud does not come without risks. Firms have to ensure they are safeguarded from a potentially disastrous loss.
Since the abolition of the Solicitors Indemnity Fund, the October professional indemnity insurance renewal season has always been a challenge, but this year most law firms saw their premiums go up.
If you forced 10 cyber-criminals to sit through an average law firm’s IT committee meeting, they’d be turning themselves in to the National Crime Agency before it reached AOB.
If you already comply with the current accounts rules, it’s entirely plausible you don’t need to do anything to comply with the new ones from 25 November. However, we advise against this myopic course of action.