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…
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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…
Navigating the Evolving Terrain of Surveying: Key Challenges in 2024
Navigating the Evolving Terrain of Surveying: Key Challenges in 2024 As we embark on a new year, the surveying profession…
Introducing the LOCS:23 Standard: A Milestone in Legal Data Protection
Introducing the LOCS:23 Standard: A Milestone in Legal Data Protection In the ever-evolving landscape of data protection and privacy, the…
How much do you know about the financial strength of your PI Insurer?
Within the past ten years, the following Insurers of Solicitor firms have gone into liquidation; In addition, one current Solicitors…
PII INSURANCE COSTS – Speak to QPI if you want to know how to get the best result at renewal
WHAT SHOULD YOU EXPECT THIS YEAR FROM YOUR SECOND HIGHEST OVERHEAD? 1 CAPACITY It affects premiums because when there aren’t…
Enhancing Law Firms’ Performance: A Comprehensive Approach
Running a law firm is no easy feat. The legal landscape is fraught with challenges, and striving for excellence can…
PII Premium Savings Insurance Market – what to do if you are not happy with your renewal terms?
In recent years, the professional indemnity insurance market for the legal sector has experienced fluctuations in premium rates and insurability…
Navigating Employment Practices Liability: A Comprehensive Guide for Businesses
In the dynamic landscape of modern business, employers face an array of challenges in managing their workforce effectively. From restructuring…
The Importance of Financial Benchmarking for Professional Indemnity Renewals
Introduction: Professional indemnity insurance is a vital safeguard for businesses and professionals, protecting against financial losses resulting from claims of…