header-logo header-logo

Home Login E-newsletter About us
11 October 2022
Issue: 7998 / Categories: Legal News , Profession , Insurance / reinsurance
printer mail-detail

Consulting on the new Solicitors Indemnity Fund

© Copyright LexisNexis 2026. All Rights Reserved.
The Solicitors Regulation Authority (SRA) has opened its consultation on a post-SIF indemnity scheme.

The SRA Board decided last month that an SRA-run indemnity scheme offered the best protection for post-six-year negligence claims against solicitors. The scheme will run from September 2023, matching the protection provided by the Solicitors Indemnity Fund (SIF) where a claim arises more than six years after a firm has closed and there is no successor practice.

All solicitors were insured by SIF until 2000, when the profession turned to the open market for insurance, but there is no cover for post six-year claims.

The SRA consultation, ‘Consumer protection for post six-year negligence’, which runs until 3 January 2023, invites views on draft rules for the scheme.

Welcoming the consultation, Law Society president I Stephanie Boyce said: ‘We note the SRA is confident they will be able to deliver the same protections as SIF, at a lower cost.’

Issue: 7998 / Categories: Legal News , Profession , Insurance / reinsurance
printer mail-details
RELATED ARTICLES
 

MOVERS & SHAKERS

Read All
Sponsored by
NLJ Career Profile: Ling Ong, London Market FOIL

NLJ Career Profile: Ling Ong, London Market FOIL

Ling Ong, partner at Weightmans and president of London Market FOIL, discusses her biggest inspirations, the challenges of AI and the importance of tackling unconscious bias

DWF—Imogen Francis

DWF—Imogen Francis

Director and head of IP team joins in Birmingham

Penningtons Manches Cooper—five promotions

Penningtons Manches Cooper—five promotions

Firm boosts partnership and costs practice with five senior promotions

NEWS
Read All
NLJ this week: Mazur and more—inside the litigation frontline

From blockbuster judgments to procedural shake-ups, the courts are busy reshaping litigation practice. Writing in NLJ this week, Professor Dominic Regan of City Law School hails the Court of Appeal's 'exquisite judgment’ in Mazur restoring the role of supervised non-qualified staff, and highlights a ‘mammoth’ damages ruling likened to War and Peace, alongside guidance on medical reporting fees, where a pragmatic 25% uplift was imposed

NLJ this week: Social media bans for children spark legal dilemmas
Momentum is building behind proposals to restrict children’s access to social media—but the legal and practical challenges are formidable. In NLJ this week, Nick Smallwood of Mills & Reeve examines global moves, including Australia’s under-16 ban and the UK's consultation
NLJ this week: Leasehold reform risks creating ‘forgotten freeholders’
Reforms designed to rebalance landlord-tenant relations may instead penalise leaseholders themselves. In this week's NLJ, Mike Somekh of The Freehold Collective warns that the Leasehold and Freehold Reform Act 2024 risks creating an ‘underclass’ of resident-controlled freehold companies
NLJ this week: Court of Appeal clarifies when a claim truly begins
Timing is everything—and the Court of Appeal has delivered clarity on when proceedings are ‘brought’. In his latest 'Civil way' column for NLJ, Stephen Gold explains that a claim is issued for limitation purposes when the claim form is delivered to the court, even if fees are underpaid
NLJ this week: Split FDRs could ease pressure—and boost settlements
The traditional ‘single, intensive day’ of financial dispute resolution (FDR) may be due for a rethink. Writing in NLJ this week, Rachel Frost-Smith and Lauren Guiler of Birketts propose a ‘split FDR’ model, separating judicial evaluation from negotiation
Copyright © 2026 LexisNexis
back-to-top-scroll