SOLICITOR INSURE PRACTICING CERTIFICATE PROTECTION
The Hidden Risks facing Legal Practitioners Solicitors and fee earners operate every day under the looming shadow of regulatory actions from…
Archives for 2024
SOLICITOR M AND A – HOW YOUR INSURER CAN BE YOUR ALLY IN YOUR GROWTH PLANS
Most law firms view their Insurers (and sometimes brokers) with scepticism. They can however make a big difference if you…
AXIOM INCE – RUNNING FOR COVER
WHO WILL PAY THE LOSSES – AND IS THE LEVY NECESSARY The SRA were quick to float the possibility of…
MI6 AND HOW USE OF TECH RISKS EXPOSING LAW FIRMS EVEN MORE
An article in a recent issue of the Economist describes how between the mid 60’s to 2008, tuning in to…
HOW YOU GET COMFORT FROM KNOWING YOUR CLIENT MONEY RISK IS PROTECTED
The SRA minimum terms policy purchased by all England and Wales law firms, unusually for PII policies includes cover for…
“We are covered under our PI policy for everything right?”
There is a constant perception amongst law firms that their PII policy covers them for anything and everything that may…
SOLICITOR INSURERS ARE PREDICTING BIG PI PREMIUM REDUCTIONS ON 1/10 BUT HOW COME MOST LAW FIRMS DON’T CHANGE?
It is acknowledged by Insurers that new competitive forces will drive rates down for solicitors PII for 1st October renewals, but…
PROTECTING YOUR PRACTISING CERTIFICATE AND THE FIRM AGAINST FINES AND SANCTIONS IN AN INCREASINGLY HOSTILE REGULATORY ENVIRONMENT
There is credible evidence that increasing numbers of small and medium sized firms are capitulating to the SRA when faced…
Why the SRA’s Paul Philip is wrong on the subject of “Partners need to replace money at once”
Last week’s Legal Futures contained an article from the SRA’s Paul Philip on how and why a manager of a…
PROTECTING YOUR CLIENT ACCOUNT – HOW YOU CAN TAKE COMFORT
The SRA minimum terms policy purchased by all England and Wales law firms, includes cover for client money protection –…
PI PREMIUM RATES ARE FALLING – BUT SOME FIRMS WILL MISS OUT
The April renewal round for law firms PI saw a tipping point at which rates generally started to fall. This process…
The Post Office Enquiry findings and how it translates to the Legal Sector
The Post Office enquiry heard from Paula Vennells, ex-CEO of Post Office Limited, recently. The enquiry was probing what seems…
Embracing the Hybrid Office: Addressing the Surge in Cyber Threats from Flexible Work Models
The concept of a ‘hybrid office’ was relatively unknown before the pandemic, but it has now become a mainstream topic.…
Examining Legal Sector Claims Post-Pandemic: Insights from 2020 to 2023
As we move through 2024, it’s crucial to understand how the post-pandemic landscape and economic challenges have impacted claims in…
The Hidden Perils of Retroactive Dates: Lifting the Veil of Insurance Policies
Picture this: you’re navigating the labyrinthine world of insurance policies, and amidst the fine print, there lies a hidden gem…
HOW YOU GET COMFORT FROM KNOWING YOUR CLIENT MONEY RISK IS PROTECTED
The SRA minimum terms policy purchased by all England and Wales law firms, unusually for PII policies includes cover for…
UNDERESTIMATING CYBER THREATS
Kroll’s 2023 report on a cross section of American, EMEA and APAC firms reveals that when it comes to cyber…
De Risking the acquisition or sale process for law firms
There have been recent posts referring to searches for law firm acquisitions, which refer to online social networks and wide…
Heads Up: Insurers looking at AI when reviewing your Professional Indemnity Renewal
As businesses evolve, so do their risks. In the realm of professional indemnity insurance, staying ahead of emerging liabilities is…
Accountants Take Centre Stage in Verifying Overseas Entities: Navigating Risks and Responsibilities
Navigating Risks and Responsibilities The implementation of the Register of Overseas Entities (ROE) in the UK marks a pivotal moment…