Small law firms are ‘approaching a cliff edge in relation to longterm run-off cover’ but only one third of them know this, Law Society president Christina Blacklaws has warned as the society released the results of its annual professional indemnity insurance (PII) survey. Less than half the firms were aware the Solicitors Indemnity Fund (SIF) will close in 2020. SIF has provided post-six year run-off cover since the move to a market-based system of PII in 2000.
04 October 2018
Beware the indemnity cliff
MOVERS & SHAKERS
NLJ Career Profile: Nikki Bowker, Devonshires
Nikki Bowker, head of dispute resolution at Devonshires, on career resilience, diversity in law and channelling Elle Woods when the pressure is on
Ellisons—Sarah Osborne
Leasehold enfranchisement specialist joins residential property team
DWF—Chris Air
Firm strengthens commercial team in Manchester with partner appointment
NEWS
The government will aim to pass legislation banning leasehold for new flats and capping ground rent, introducing non-compulsory digital ID and creating a ‘duty of candour’ for public servants (also known as the Hillsborough law) in the next Parliament
An Italian financier has lost his bid to block his Australian wife from filing divorce papers in England on the basis it was no longer her domicile of choice
Reforms to the disclosure regime in the business and property courts have not achieved their objectives, lawyers have warned
The Law Society has urged ministers to hold a public consultation on the use of artificial intelligence (AI) in the justice system as a whole
Ministers have proposed bringing inquest work under a single fee scheme for legal help and advocacy legal aid work
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