- Thursday, 27 November 2014
The Legal Services Board (LSB) has rejected plans by the Solicitors Regulation Authority (SRA) to cut the indemnity cover limit for law firms from £2m to £500,000.
Tags: indemnity, LSB, Solicitors Regulations Authority
Posted in Latest news, Legal Services Act, Legal Services Board, Regulation, Solicitors
- Wednesday, 27 August 2014
The Solicitors Regulation Authority expects its compensation fund to have to pay out up to £2.5m in the next practising year to cover the cost of negligence claims against uninsured law firms, it has emerged.
Tags: compensation fund, indemnity, Solicitors Regulation Authority
Posted in Indemnity insurance, Latest news, Regulation, Solicitors
- Tuesday, 26 August 2014
The solicitor in charge of a network of 136 West Midlands firms has said it aims to lead the way in support for small law firms, while remaining outside any national group. Hub.Legal is operated by FBC Manby Bowdler, formerly a hub in Pannone’s Connect2Law network.
Tags: connect2law, indemnity, law firm networks
Posted in Latest news, Market monitor, Outsourcing
- Tuesday, 19 August 2014
The Legal Services Board (LSB) has extended the time it has given itself to decide on the proposed cut in the minimum indemnity cover limit for law firms from 10 October this year to 17 August 2015.
Tags: indemnity, Legal Services Board, Solicitors Regulation Authority
Posted in Latest news, Legal Services Act, Legal Services Board