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: Mark Hastings, Quillon Law
Mark Hastings, founding partner of Quillon Law, on turning dreams into reality and pushing back on preconceptions about partnership
Kingsley Napley—Silvia Devecchi
New family law partner for Italian and international clients appointed
Mishcon de Reya—Susannah Kintish
Firm elects new chair of tier 1 ranked employment department
NEWS
Talk of a reserved ‘Welsh seat’ on the Supreme Court is misplaced. In NLJ this week, Professor Graham Zellick KC explains that the Constitutional Reform Act treats ‘England and Wales’ as one jurisdiction, with no statutory Welsh slot
The government’s plan to curb jury trials has sparked ‘jury furore’. Writing in NLJ this week, David Locke, partner at Hill Dickinson, says the rationale is ‘grossly inadequate’
A year after the $1.5bn Bybit heist, crypto fraud is booming—but so is recovery. Writing in NLJ this week, Neil Holloway, founder and CEO of M2 Recovery, warns that scams hit at least $14bn in 2025, fuelled by ‘pig butchering’ cons and AI deepfakes
After Woodcock confirmed no general duty to warn, debate turns to the criminal law. Writing in NLJ this week, Charles Davey of The Barrister Group urges revival of misprision or a modern equivalent
Family courts are tightening control of expert evidence. Writing in NLJ this week, Dr Chris Pamplin says there is ‘no automatic right’ to call experts; attendance must be ‘necessary in the interests of justice’ under FPR Pt 25
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