SRA propose professional indemnity insurance change
The Solicitors Regulation Authority (SRA) has instigated another consultation regarding proposed changes to the profession’s professional indemnity insurance (PII) requirements and compensation scheme.
The case of the torn up will
The Contentious Trusts and Probate Department at Meridian Private Client advise clients on the options available to them when a loved one passes away and they have been apparently disinherited or a family member is acting suspiciously to the client’s detriment.
10 Essential Steps to Renewing your Law Firm’s Professional Indemnity Insurance
Professional indemnity insurance (PII) is mandatory for any solicitor’s practice. The costs are significant and the time expended on various forms can make it a harrowing experience. Firms often complete the proposal form, send it off and wait for the terms, wondering if the costs have risen or if they will struggle to find cover. However, this doesn’t have to be the case. Through careful planning and partnership with the right broker, you could not only make the process easier but also save money. Below are a few simple steps to consider when renewing your PII.
Armstrong & Co reverts to Quill for outsourced payroll support
Long-time Quill client, Armstrong & Co Solicitors in London, first began using Quill’s outsourced payroll service in 2013. To support company growth, the practice recently recruited an in-house cashier and started doing its own payroll for a short period.
Landmark hosts Mining & Subsidence webinar to offer guidance to property lawyers
Continuing its series of webinars for property lawyers, Landmark Information, the land, property and environmental data specialists, is hosting a session specifically on ‘Mining & Subsidence – Risk, Response and Remedies’ on 7th June 2018 at midday.
Firms must invest in technology to boost profits, new report finds
The NatWest annual legal benchmarking report has found that profit per equity partner (PEP) is down by 10%, although other performance indicators are up. This years’ report, the sixth of its kind, focused on firms’ financials and found productivity to be the main issue.
Award-Winning UK Law Firm Anthony Collins Solicitors Chooses iManage Cloud
iManage, the company dedicated to transforming how professionals work, today announced that Anthony Collins Solicitors—a Birmingham, UK-based specialist law firm with a purpose to improve lives, communities and society—chooses iManage Cloud for its Work Product Management.
What CBL’s interim liquidation means for solicitors?
Whilst in the past we have seen a number of insurers (for example Quinn, Balva, Enterprise) involved in the solicitors professional indemnity (PI) market get into financial difficulties, it was the hope that insurer failure was a thing of the past. Unfortunately, this does not seem to be the case, as demonstrated by the news that an administrator has been appointed over the insurer CBL Insurance Europe by an Irish court, to avoid the risk of a “disorderly failure”.
