218
218 results

The SRA consultation: leave well enough alone?

The SRA consultation: leave well enough alone?Guidance

The SRA consultation: leave well enough alone?

June 08 2018

The Solicitors Regulation Authority (SRA) has launched a new consultation: “Protecting the users of legal services: balancing cost and access to legal services”, which proposes a number of changes to solicitors’ Professional Indemnity Insurance (PII). Following analysis of a decade’s worth of insurance claims, the SRA suggests that their current approach to PII is “too rigid”, claiming that the cost of insurance is too high, especially for smaller firms or those working in low-risk areas, which acts as a barrier to a truly competitive legal services market. It is also reviewing how the Compensation Fund functions in a changing risk landscape.

Read More

Professional indemnity insurance market: how to get the best deal at renewal

Professional indemnity insurance market: how to get the best deal at renewalNews

Professional indemnity insurance market: how to get the best deal at renewal

June 06 2018

Presenting your strengths and explaining how you are addressing any weaknesses will be key to capitalising on the soft insurance market.

Read More

Professional indemnity insurance: market update

Professional indemnity insurance: market updateNews

Professional indemnity insurance: market update

June 06 2018

Prices have been kept down by plentiful market capacity, but firms with conveyancing work will continue to face additional challenges.

Read More

What the Dreamvar ruling means for fraudulent property transactions

What the Dreamvar ruling means for fraudulent property transactionsNews

What the Dreamvar ruling means for fraudulent property transactions

June 06 2018

Firms might be more liable for identity fraud claims than previously imagined.

Read More

PII Renewal: Overseas Offices Questionnaire

PII Renewal: Overseas Offices QuestionnaireProposal Form

PII Renewal: Overseas Offices Questionnaire

June 04 2018

Complete this additional questionnaire for any overseas offices

Read More

What is the appropriate level of professional indemnity cover for your Practice? A Guide to Top Up Insurance

What is the appropriate level of professional indemnity cover for your Practice?  A Guide to Top Up InsuranceGuidance

What is the appropriate level of professional indemnity cover for your Practice? A Guide to Top Up Insurance

March 22 2018

Top-up insurance (also known as excess layer insurance) is cover above, or in excess of, the compulsory primary indemnity limit set out by the Solicitors Regulation Authority (SRA). It is the principal’s responsibility to assess whether this minimum level of coverage is sufficient for their practice. Our guide takes you through some basic steps to help you decide whether you need additional top up coverage.

Read More

Important Alert: SRA Participating Insurer's Parent company placed in interim Liquidation

Important Alert: SRA Participating Insurer's Parent company placed in interim LiquidationNews

Important Alert: SRA Participating Insurer's Parent company placed in interim Liquidation

February 26 2018

On the 7th February 2018, Financial security agency AM Best issued CBL Insurance with an amended financial strength rating of B ++ under review with negative implications. The situation has since worsened and the New Zealand regulator via the High Court as of 23rd February 2018 has placed CBL Insurance into interim liquidation.

Read More

How to spot criminals targeting your firm to launder money

How to spot criminals targeting your firm to launder moneyNews

How to spot criminals targeting your firm to launder money

February 09 2018
Author Amy Bell

Criminals target Law Firms to launder their illicit funds, this isn’t new news. It is estimated that over £90bn a year is laundered through the UK. The government is concerned about this and has recently issued the second National Risk Assessment of money laundering and terrorist financing (NRA).

Read More

A Practical Guide for Managing Data Risk with consideration for GDPR

A Practical Guide for Managing Data Risk with consideration for GDPRGuidance

A Practical Guide for Managing Data Risk with consideration for GDPR

February 09 2018
Author Amy Bell

Are you concerned about managing your data or perhaps you're not clear on your firms retention/destruction requirements with GDPR looming on the horizon? Our risk consultant Amy Bell has put together a practical guide for managing data risk with consideration for GDPR. Click on right hand side to download the full guide.

Read More

End of Year Review

End of Year ReviewNews

End of Year Review

January 02 2018
Author Amy Bell

The year 2017 has been busier than most in compliance and 2018 shows no signs of slowing down. So, what should you have ticked off your to do list by now, and what do you need to add for next year?

Read More

Criminal Finances Act 2017: The Corporate Offence of Failing to Prevent Tax Evasion

Criminal Finances Act 2017: The Corporate Offence of Failing to Prevent Tax Evasion CPD

Criminal Finances Act 2017: The Corporate Offence of Failing to Prevent Tax Evasion

October 19 2017
Author Amy Bell

Shortly before Government was dissolved for the General Election, the Criminal Finances Act was passed. As part of the Government’s Action plan to tackle money laundering, terrorist financing and corruption, the Act introduced new investigation and information sharing powers for law enforcement and the regulated sector. Most notably, and of widest application, is the introduction of the new corporate offence of failing to prevent the criminal facilitation of tax evasion, which came in effect on the 30th September. If found guilty, firms can face unlimited fines in respect of acts done by their employees and associated persons. Firms which can demonstrate they have reasonable prevention procedures in place will have a defence.

Read More

Criminal Finances Act 2017 Webinar

Criminal Finances Act 2017 WebinarCPD

Criminal Finances Act 2017 Webinar

October 19 2017
Author Amy Bell

Our webinar answers some frequently asked questions around the new Criminal Finances Act 2017: The Corporate Offence of Failing to Prevent Tax Evasion and provides guidance on your next steps to ensure compliance.

Read More

Continuing Competence Webinar

Continuing Competence WebinarCPD

Continuing Competence Webinar

September 20 2017
Author Amy Bell

Our webinar explains what the new Competence framework means for you, and provides guidance on your next steps to ensure compliance.

Read More

To Contact Us By Phone

Our sales and enquiries lines are open 9AM to 5PM, Monday - Friday. We are closed at the weekend and on public holidays.Solicitors Hotline: 0845 050 1471