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Thousands of law firms could be just weeks away from being plunged into uncertainty. According to  this year’s Law Society survey of almost 600 firms, 22% are relying on unrated...
The insurance market doubts the SRA minimum rating plan can boost the solicitors’ PI market. Doubts are growing as to whether the possible introduction of minimum rating criteria for UK...
The Solicitors Regulation Authority (SRA) is considering enforcing a ban on professional indemnity insurers which score below a rating of B in its financial strength assessment. At present, the authority...
The Solicitors Regulation Authority (SRA) should this week publish a list of those law firms which were to have closed on 29 December because they failed to secure professional indemnity...

Cyber Risk in 2014

All signs point to 2014 being a “critical year for companies to better prepare to respond to security incident and data breaches,” warns Experian in its latest report on the future...

Professional Indemnity Brief

This briefing by Kennedys, brings you news of important cases that have taken place involving professional indemnity matters Read the full article here
More than 100 firms have been warned to prepare for the worst case scenario after failing to secure professional indemnity insurance on the open market ahead of the 1 October renewal...

Lemma Manager hid finances

A finance manager at a failed provider of professional indemnity insurance to solicitors shielded its financial troubles through false and misleading accounts, a regulator’s investigation has found. The Gibraltar Financial...
Read the latest PII guide from the Law Society. Invaluable reading for Solicitors everywhere as they approach the 1 October common renewal date. View PDF

Law Firms Face Closure

The number of law firms facing closure after failing to secure professional indemnity insurance has jumped to 175, the Solicitors Regulation Authority (SRA) announced today. The figure is more than...
This month we are focusing on cyber-crime, the risks that are posed to businesses and individuals and how you can reduce these risks and indeed ensure you are covered if...
Source Kennedys Law LLP We have highlighted in our previous article Legal issues in cloud computing, several serious concerns which companies should take into account when opting for cloud computing services....

FCA Set To Take Action

FCA set to take action on disclosing PI shortfalls The FCA is set to crack down on the lack of disclosure of shortfalls in professional indemnity insurance among advisers and...

Law Firms At Risk Of Failure

Warning that 3,000 law firms are at serious risk of failure SOME of Britain’s biggest law firms could be forced to close or merge over the next few months, it...
The Solicitors Regulation Authority (SRA) requires all firms to take out a minimum level of professional indemnity insurance (PII) cover. However, the principals of each firm will need to form...
Arch Cru – Following the fourth anniversary of their suspension, Arch Cru funds have rarely been absent from the financial press, even being compared to the funds at the centre...
In Clark & Clark v In Focus Asset Management & Tax Solutions [2012] EWHC 3669 (QB), the High Court held that an investor can bring a substantial complaint to FOS,...
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