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Legal PI News

Fifteen law firms closed by the Solicitors Regulation Authority

Fifteen law firms are to be closed by the Solicitors Regulation Authority (SRA) after failing to secure Professional Indemnity Insurance (PII) according to the Law Society Gazette. 

Solicitors “not responsible” for reviewing all previous advice says Judge

A long-standing relationship between a solicitor and clients does not automatically give rise to a duty to keep the suitability of previous advice under review following a decision in Shepherd Construction Ltd v Pinsent Masons LLP.

Solicitor accused of negligence in witnessing a transaction

The risks inherent in a solicitor witnessing a client’s transaction are brought home in a case where the Master of the Rolls ordered the retrial of a professional negligence case in which a solicitor was alleged to have failed to ensure his client fully understood the nature of the documents.

Estate fraud is on the rise

Eleven percent of people are including online passwords in their will, leading to an explosion in the number of cases of fraudsters targeting the estates of the deceased for online assets, such as bank accounts, according to a report in Law Society Gazette here.

Legal Ombudsman to name firms with serial complaints

The Legal Ombudsman has announced that it will name law firms and lawyers where there is a ‘pattern of complaints’ against them, from April 2012, according to a report in the Law Society Gazette here.

Renewing your Professional Indemnity Insurance

For many firms their 2010 renewal was a slow, expensive and tiring experience with many struggling to secure a competitive quotation...

The end of the single renewal date for PII?

On the 4th Nov 2009 The Law Society’s council voted overwhelmingly in favour of pressuring the Solicitors Regulation Authority to abolish the single renewal date for…

Solicitors PII - Now is the time to prepare for your 2010 PII renewal

Are you complying with the code of conduct? Do you have a documented Audit Trail? Do you have a proactive approach towards Risk Management?
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