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Ten brokers and nine insurers sign up to Law Society’s prototype standard PII proposal form
Friday, 29 June 2012Ten brokers and nine professional indemnity insurers have agreed to use the Law Society’s prototype standard application form. The eventual aim is to allow solicitors to fill out a single PII proposal form that will be accepted by all.
Tags: Law Society, professional indemnity insurance
Posted in Indemnity insurance, Latest news
News in brief: CIPA chief eyes ABSs, Co-op boss to bow out, law firms are “cybercrime target”, and more
Monday, 11 June 2012Our regular round-up includes strong backing for intellectual property ABSs, Eddie Ryan leaving Co-operative Legal Services, a new digital copyright licence for law firms, an “unacceptable” lack of transparency over PII commissions, and a warning that law firms are being targeted by online espionage.
Tags: ABS, Alternative business structures, Chartered Institute of Patent Attorneys, Co-op, copyright, Intellectual Property Regulation Board, IPReg, Law Society, professional indemnity insurance, Technology
Posted in Indemnity insurance, Latest news, News In Brief, Other lawyers, Technology
High Court rejects bid to replace “kiss of death” practising certificate conditions with undertakings
Thursday, 7 June 2012The High Court has rejected a bid to replace conditions on a solicitor’s practising certificate with undertakings despite claims that the current state of the professional indemnity insurance market made them the “kiss of death” to a continuing career.
Tags: practising certificate, professional indemnity insurance, Solicitors Regulation Authority
Posted in Latest news, Solicitors
News in brief: COLP/COFA advice service launched, referral fee offensive, and much more
Tuesday, 29 May 2012Our latest round-up of key news snippets sees the ex-chief of the CLC launch a consultancy, a new COLP and COFA helpline, a campaign against personal injury “auctions”, Lawyers on Demand goes it alone, a run-off cover boost for retiring solicitors, and a rethink on financial services ABSs.
Tags: ABS, Alternative business structures, COFA, COLP, compliance officer for finance and administration, compliance officer for legal practice, financial services, Financial Services Authority, personal injury, professional indemnity insurance, referral fees
Posted in Latest news, News In Brief
Line of solicitors being marched through SDT for failure to pay insurance premiums
Wednesday, 23 May 2012Fifteen solicitors have had sanctions imposed by the Solicitors Disciplinary Tribunal – including indefinite suspensions – for failing to pay the premiums demanded while their firms were in the assigned risks pool, with 15 more still to face the tribunal.
Tags: assigned risks pool, professional indemnity insurance, Solicitors Disciplinary Tribunal, Solicitors Regulation Authority
Posted in Indemnity insurance, Latest news, Solicitors
SRA to tell insurers: disclose your credit rating to solicitors
Monday, 23 April 2012Professional indemnity insurers will have to disclose their credit ratings to solicitors under plans to be approved by the SRA next month. However, it is to drop the requirement that insurers give policyholders a month’s notice of their intention not to renew cover.
Tags: Law Society, professional indemnity insurance, Solicitors Regulation Authority
Posted in Indemnity insurance, Latest news, Solicitors
City solicitor faces £600k bill to reimburse former firm and indemnity insurer in bribe case
Monday, 16 April 2012A former senior solicitor at City firm SNR Denton is facing a £600,000 bill after the High Court ordered her to repay the firm and its insurer losses they suffered as a result of her involvement in the payment of a bribe.
Tags: professional indemnity insurance, Solicitors Disciplinary Tribunal, Solicitors Regulation Authority
Posted in Indemnity insurance, Latest news
News round-up: would-be ABS expands, HSBC publishes panel criteria, and much more
Thursday, 5 April 2012Our regular round-up of news includes Quindell Portfolio’s latest acquisition, Simmons & Simmons moving City work to Bristol, the SRA’s City adviser joining Obelisk Legal, the Law Society withdrawing its PII broker list, and much more besides.
Tags: ABS, Alternative business structures, Bar Council, conveyancing, conveyancing quality scheme, Council for Licensed Conveyancers, Financial Services Authority, Law Society, legal process outsourcing, LPO, professional indemnity insurance, pupillage, Solicitors Regulation Authority
Posted in Latest news, Market monitor, News In Brief
News round-up: financial stresses hit lawyers, slander case struck out, and much more
Thursday, 22 March 2012Our latest round-up of news in brief has a breakdown of calls in 2011 to legal support charity LawCare, better news on PII, a defamation battle between two employment law consultancies, developments over conveyancing panels, and SIFA launching a consultancy.
Tags: COFA, COLP, compliance officer for finance and administration, compliance officer for legal practice, conveyancing, financial services, Law Society, professional indemnity insurance
Posted in Latest news, News In Brief
LSB calls on consumers and indemnity insurers to help drive improvements in legal services
Wednesday, 14 March 2012Regulators should empower consumers to drive improvements in the quality of legal services, while professional indemnity insurers could hand over firm-specific claims data to help target poorly performing practices, the Legal Services Board has suggested.
Tags: Legal Services Board, price comparison, professional indemnity insurance
Posted in Barristers, Indemnity insurance, Latest news, Legal Executives, Legal Services Board, Other lawyers, Solicitors, Uncategorized
Blog
Five key issues to consider when adopting an AI-based legal tech
As generative AI starts to play a bigger role in our working lives, there are some key issues that your law firm needs to consider when adopting an AI-based legal tech.
Bulk litigation – not always working in consumers interests
For consumers to get the benefit, bulk litigation needs to be done well, and we are increasingly concerned that there are significant problems in some areas of this market.
ABSs, cost and audits – fixing regulation after Axiom Ince
A feature of law firm collapses and frauds has sometimes been the over-concentration of power in outdated and overburdened systems of control.
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