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The Solicitors Regulation Authority has decided to go ahead with cutting the minimum compulsory cover for indemnity insurance from £2m to £500,000, despite strong opposition from the Law Society.

A solicitor jailed for smuggling drugs and mobile phones into prisons for inmates was last week struck off by the Solicitors Disciplinary Tribunal (SDT). He took the contraband into prisons using oversized shoes.

Enid Rowlands, an existing member of the board of the Solicitors Regulation Authority, has been named as its first non-lawyer chair. Ms Rowlands will succeed Charles Plant from 1 January 2015 after he completes four years in the role.

Retiring Law Society chief executive Des Hudson saw his pay soar nearly 20% last year, it has emerged – but the society did turn a significant deficit into a surplus during that time.

The Bar Standards Board has set itself a minimum target of 30% for diversity data collection from barristers on sexuality, religion and disability. It is also planning more work on the under-representation of women at the bar, and reports of harassment and discrimination.