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Preventing mortgage lenders from claiming on solicitors’ compulsory indemnity insurance will “destroy high street conveyancing”, Law Society chief executive Des Hudson has said, in a wide-ranging speech on the state of the profession.

The number of practicing and non-practicing solicitors has fallen – for the first time in more than 20 years. Meanwhile, the decline in the number of law firms continued, according to new Law Society statistics.

If regulators are not loved by those they regulate, then it is no surprise to find that the regulator of regulators is even less loved. And so I don’t imagine that beyond the offices of the Legal Services Board, many tears will be shed that David Edmonds’ second and final term of office is up today. There may, indeed, be some sighs of relief.

Robert Bourns, senior partner at Bristol-based commercial firm TLT, is to be the next deputy vice-president of the Law Society. Meanwhile, a new role for former SRA chief executive Antony Townsend was announced today.

Unrated insurers continued to share more than a fifth of the professional indemnity insurance market at the last renewal round, while the Solicitors Regulation Authority mulls whether to force them to ‘get rated or get out’ of the business.