Indemnity insurance
Firm angry over inclusion on SRA indemnity list as solicitors predict PI firms will dominate next one
There have been some angry reactions to the Solicitors Regulation Authority’s publication last Friday of the names of 136 law firms which did not secure professional indemnity insurance by 29 December.
SRA set for unrated insurer u-turn
The Solicitors Regulation Authority is set to perform a u-turn on allowing unrated insurers to offer solicitors cover after discovering that they do not always have the same protections as rated insurers.
SRA reveals some of 136 firms without PII insurance have “failed to close”
The Solicitors Regulation Authority has published a list of 136 firms that failed to renew their professional indemnity insurance since October, but said a small number have failed to close properly.
SRA set to publish names of uninsured firms
The Solicitors Regulation Authority should this week publish a list of those law firms which were to have closed on 29 December because they failed to secure professional indemnity insurance, Legal Futures has learned.
SRA tells uninsured firms to “come clean”
It is unclear how many of the 116 firms that were meant to have shut down last week for failing to secure professional indemnity insurance have actually done so, the Solicitors Regulation Authority admitted yesterday.
Latest firm to go under after failing to find insurance costs 34 jobs
The toll of firms failing to renew professional indemnity insurance continues to rise, with another 34 people losing their jobs after home counties firm Hilliers HRW LLP called in administrators.
SRA discovers more firms without insurance as 117 face closure next week
The Solicitors Regulation Authority (SRA) has found a further 17 firms that have still not secured professional indemnity insurance, taking the current total facing closure next week to 117.
SRA still trying to work out how many firms don’t have insurance
A “substantial” number of law firms have failed to tell the Solicitors Regulation Authority whether or not they have professional indemnity insurance, the regulator admitted today. The SRA would not reveal how many had not declared their insurance position.
SRA to investigate impact of legal aid cuts on crime firms
The Solicitors Regulation Authority is to investigate the likely impact of criminal legal aid fee cuts on the viability of law firms amid warnings that the cost to the profession of collapses could spiral.
Thousands of 'right to buy' negligence cases piling up against conveyancers
Law firms are facing thousands of claims for professional negligence over their involvement in ‘right to buy’ work, it has emerged. Last week the judiciary issued a new right-to-buy practice direction to deal with the potential deluge of cases.
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The average law firm spends around a quarter of its marketing budget on social media but sees little in return, our research found.
Tomorrow’s legal landscape: helping firms prepare for change
Law firms must constantly question the status quo and be willing to adapt. Take nothing for granted. Never say ‘we’ve always done it this way’; never say ‘we’re lawyers and we’re different’.
Succession (Season 5) – Santa looks to the future
It’s time for the annual Christmas blog from Nigel Wallis, consultant at Legal Futures Associate O’Connors Legal Services.
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