The Law Society has expressed sympathy with professional indemnity insurers over their call for the right to cancel policies when solicitors do not pay the premium or excess.
Indemnity insurers have warned solicitors that they will suffer the consequences of their regulator maintaining that policies cannot be cancelled for non-payment of premiums or excesses.
The High Court has issued a second summary judgment ruling against EAD Solicitors arising from the alleged fraudulent activities of a businessman in collusion with a former partner of the Liverpool law firm.
Law firms are facing a 30% increase in their professional indemnity insurance this year, and even more for those with bad claims histories, the Law Society has warned.
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.
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.
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.
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.
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.
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.
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”.
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.
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.
Law firms unable to secure professional indemnity insurance because of Covid-19 can prolong the extended indemnity period by agreement and with regulatory approval.
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.
The ‘rule of six’ has been in place since 14 September, with fines levied for those who break it and now we are seeing even more drastic restrictions reimposed. So what does this mean for the UK’s cyber-security?
While it is right to raise valid concerns about the SQE, are we not a bit tired of hearing the same old tune of the beaten drum with no better alternatives being suggested and at the eleventh hour?