Competence
Tougher line on negligence is worry to law firms, says insurance specialist
The Court of Appeal’s ruling in the Levicom case involving City firm Linklaters last week “will be of concern for City firms and their insurers”, a leading professional indemnity lawyer has warned.
Consumer chief calls for lawyers’ competence to be tested every five years
Lawyers should undergo five-yearly competence testing, as well as face peer review of the advice they provide clients, the chairwoman of the Legal Services Consumer Panel has said.
The legal profession and the sale of general insurance contracts
Insurance mediation does not sound like the kind of thing solicitors do, but in fact many are involved in it and their knowledge of the rules around it are often sketchy. Alan Bannister of Vizards Wyeth outlines the main issues.
Blog
Strong AML controls are meaningless with incomplete data
One expectation as the FCA takes control of anti-money laundering oversight is a move towards more supervision rather than simply writing new rules.
Navigating the legal AI productivity-profitability paradox
Firms are achieving efficiencies through AI, especially in the practice of law. Yet many are struggling to see that reflected in their financial outcomes
Regulation, growth and access to justice: why legal services need a reset
Well-intentioned consumer protections embedded in the regulation of legal services increasingly act as barriers to innovation, competition and access to justice.
