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The Court of Appeal has once again declined to follow the landmark House of Lords ruling in Sephton when deciding when the limitation period starts running for the purposes of a professional negligence claim. It is a decision hailed as good news for lawyers.

It would be easy, if lazy, journalism to accuse the Solicitors Regulation Authority of some kind of u-turn in the way it has changed its approach to professional indemnity insurance reform. Bodies like the SRA sometimes cannot win – either they plough on and face charges of not listening, or they listen and are then accused of u-turns. Or perhaps of woolly thinking in the first place.

The Solicitors Regulation Authority has radically reworked its reforms of professional indemnity insurance, delaying the end of common renewal for two years and kicking the question of compulsory cover for financial institutions into the long grass. Solicitors will also be liable to pay up to £30m of claims arising from the ARP during its final year.

Our latest round-up of other news of interest to Legal Futures readers includes a survey of among larger firms about ABS intentions, a lay majority on the BSB, women lawyers convinced male colleagues are paid more, good news for a big LPO provider and much more.

Removing financial institutions from compulsory professional indemnity insurance cover will cause “serious detriment to clients and solicitors” if it is forced through this year as planned, mortgage lenders have warned.