- Friday, 12 December 2014
The Solicitors Regulation Authority (SRA) has rejected a proposal by the Law Society to extend the additional indemnity run-off cover provided by the Solicitors Indemnity Fund (SIF) for a further three years until 2023.
Tags: Indemnity insurance, Law Society, run-off cover, Solicitors Indemnity Fund, Solicitors Regulation Authority
Posted in Indemnity insurance, Latest news, Regulation, Solicitors
- Friday, 17 October 2014
Nearly half of law firms – 47% – secured cheaper indemnity insurance this year, a survey has suggested. Half of these obtained “significant” reductions. It also indicated a move by firms from unrated to rated insurers.
Tags: professional indemnity insurance, run-off cover, Solicitors Regulation Authority
Posted in Indemnity insurance, Latest news
- Tuesday, 29 May 2012
Our latest round-up of key news snippets sees the ex-chief of the CLC launch a consultancy, a new COLP and COFA helpline, a campaign against personal injury “auctions”, Lawyers on Demand goes it alone, a run-off cover boost for retiring solicitors, and a rethink on financial services ABSs.
Tags: ABS, Alternative business structures, COFA, COLP, compliance officer for finance and administration, compliance officer for legal practice, financial services, Financial Services Authority, personal injury, professional indemnity insurance, referral fees, run-off cover
Posted in Latest news, News In Brief
- Wednesday, 8 June 2011
Recent figures from the Solicitors Regulation Authority suggest that the number of law firms being abandoned is on the rise, with abandonment reports at their highest level since 2008. Joanne Wright outlines the options facing solicitors who want to shut up shop.
Tags: abandonment, run-off cover, Solicitors Regulation Authority
Posted in Features