SRA slashes minimum PI cover
Law firms will now only be required to hold professional indemnity cover of £500,000 after the Solicitors’ Regulation Authority (SRA) changed its regulations. The mandatory minimum level has been slashed from £2 million as part of the Authority’s Regulatory Reform programme aiming to create a more efficient, stream-lined and cost-effective system of regulation. Law firms […]
SRA publishes second Risk Outlook
The Solicitors Regulation Authority (SRA) has published its second Risk Outlook detailing key factors it believes impact delivery of competent and ethical legal services. Launched last year, the SRA’s risk analysis gives firms and consumers a view of what the authority has found to be drivers in the market and what the key risks are, […]
Law Soc plans conveyancing portal launch
The Law Society is set to launch a Conveyancing Portal, it has announced. The joint venture with leading global IT solutions company Mastek UK Limited will deliver an online service that aims to help solicitors and licensed conveyancers save money and speed up the house buying process for consumers. Law Society deputy vice president, Jonathan […]