SRA enhanced powers – protection and comfort for a law firm and its senior managers

The Solicitors Regulation Authority (SRA) have been prominent in the legal press for more than 6 months as they ratchet their powers of censure, and we are aware of several firms who have had investigations who have subsequently been left in limbo for 18 months or more after the event without decisions. Some high-profile cases …

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PROPERTY FRAUD AND RECESSION

During the last recession several law firms were hit with a variety of property fraud losses which they in turn needed to pass on to their Insurers due to the size and complexity of those losses. A significant number of claims were indefensible because the law firms were unable to demonstrate that they had acted …

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SUCCESSION, SALE, EXIT AND MERGERS

Increasing numbers of law firm proprietors are seeking an exit for themselves and their firms, with many having planned their future for some time, but some on the basis that they cannot continue for reasons of affordability of Insurance premiums or SRA and regulatory issues. Looking ahead to the immediate term, CQS’ intent to visit …

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CLIENT MONEY THEFT

CLIENT MONEY THEFT – HOW BAD IS THE PROBLEM? As PII brokers we are often seen as a means of squeezing costs at a certain time of year when Insurance premiums are due for payment, however our real raison d’etre is to deal with complex and life changing matters which threaten the existence of a …

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ECONOMIC TURBULENCE

Economic turbulence and recession and how this affects law firm risk and protection With the current uptick in interest rates it is probable that personal savings will be eroded over the short term and combined with cost of living increases there is a risk that there will be an increase in  house repossessions. When that …

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