Allianz Legal Protection (ALP) and Lawyers Inc. are delighted to announce a new partnership in which ALP will provide ATE insurance for Lawyers Inc. law firms.
Lawyers Inc. is a unique Alternative Business Structure (ABS) offering law firms the opportunity to restructure under its “umbrella”. This enables a law firm to completely outsource administration, insurance and employment matters. It also offers law firms a succession structure for its younger lawyers and an exit strategy for senior lawyers.
The ‘pod’ model has been developed over 2 years in conjunction with leading regulatory counsel and has received full approval of the SRA.
David Tucker, director and co-founder of Lawyers Inc. comments ‘We are delighted to partner with Allianz Legal Protection because they recognised the value and bought into the vision of Lawyers Inc. We wanted to offer our law firm partners the facility of an insurer who responds to the needs of law firms in their product design. We believe this agreement will assist small and medium firms to expand their PI and Medical Negligence litigation departments whilst at the same time bringing a higher quality of service to those firms.”
Steve Harvey, Allianz Legal Protection senior business developer comments “In an industry facing increasing regulatory and structural reform and the attendant financial consequences, this innovative model is notable for what it adds to the profession. Lawyers Inc. are deserved recipients of the recognition they have received, within their first year of trading, for the support they are providing to the legal sector and we are excited to be working with them.”