Indemnity insurance


Charities sue over senior partner’s theft from estates

4 August 2020

Multiple charities – including the Church of England – that claim they lost out after a senior partner stole millions from clients’ estates are suing her, her former partner, the firm and its insurer.


Appeal judges reject divorcee’s negligence claim

8 July 2020

The Court of Appeal has upheld a ruling that a negligence claim brought by a woman against her law firm over its work on her divorce was out of time.


Figures reveal low level of negligence claims against barristers

3 July 2020

The average barrister only makes one notification of a possible professional negligence claim every 20 years, figures from the Bar Mutual Indemnity Fund have revealed.


Solicitors Indemnity Fund to stay open for extra year

1 July 2020

The Solicitors Regulation Authority has agreed to extend by a year the use of the Solicitors Indemnity Fund to covers claims made after firms’ run-off cover expires.


Negligent advice warning over coronavirus jobs scheme

16 June 2020

Lawyers who advised clients on the Coronavirus Job Retention Scheme are at risk of claims as the government looks to claw back payments to which recipients were not entitled.


Judge: Investor who lost pension was not law firm’s client

5 June 2020

A man who lost his pension after investing in self-storage pods with disastrous results was not the client of the law firm who advised on it, a judge has held.


Firm’s negligence had “disastrous consequences” for client

28 May 2020

It is difficult to imagine a “more obvious breach of duty” by a conveyancing solicitor than failing to register its new owner, the High Court has said in a case where it had “disastrous consequences”.


Coronavirus prompts SRA to rethink closure of SIF

21 May 2020

The Solicitors Regulation Authority is to look again at whether to close the Solicitors Indemnity Fund – which covers claims made after firms’ run-off cover expires – in September this year.


Law firm fails to strike out deceit allegations

18 May 2020

The High Court has rejected an attempt by well-known Surrey law firm Stevens & Bolton to strike out allegations against it of dishonest assistance, deceit and unlawful means conspiracy.


SRA: Firms can prolong extended PII cover with agreement

13 May 2020

Law firms unable to secure professional indemnity insurance because of Covid-19 can prolong the extended indemnity period by agreement and with regulatory approval.


Court rejects “fanciful” conveyancing negligence claim

6 April 2020

The High Court has rejected a “fanciful” £600,000 conveyancing negligence claim against the law firm Gateley, based on an error admitted by the firm.


Negligent firm ordered to pay €3.5m to property investors

31 March 2020

A defunct Italian law firm that operated in London has been ordered by the High Court to pay €3.5m to investors in a failed holiday development that allegedly had links to the Mafia.


First indemnity insurance for freelance solicitors launched

13 February 2020

An insurance intermediary in the City of London has opened the door to the new breed of freelance solicitors by launching the first indemnity cover for them.


SRA gives up on major indemnity insurance reform

19 December 2019

The Solicitors Regulation Authority has ended a controversial five-year project to reform the professional indemnity insurance regime, meaning the minimum level of cover will not be cut to £500,000.


Supreme Court backs miner’s claim against solicitors

20 November 2019

A miner who lost the chance of compensation due to the negligence of his solicitors is entitled to damages because later evidence indicating that he was not eligible was irrelevant, the Supreme Court has ruled.

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Blog


BSB entities offer positive future for the Bar
3 August 2020

The chambers of the 17,000 or so practising barristers in England and Wales face, arguably, their greatest time of challenge and controversy since advocates first took up arms in the early 13th century.


My lockdown legacy – what will yours be?
30 July 2020

As we go back to work, we will not – and should not – forget the lessons we learnt during lockdown. I really hope that we drive change as a result and create a positive legacy for our industry.