Do I have enough PI cover?
We often get asked whether the limit of indemnity a firm buys is enough, which is an interesting and pertinent question for any law firm.Read More
Upcoming webinar | Why your law firm should think about DMARC | 19th September | 1pm
The National Cyber Security Centre (NCSC) together with the Law Society, SRA, National Crime Agency and Action Fraud revealed overwhelming evidence that phishing is the most significant cyber threat to the legal sector. Research has discovered that over 90% of targeted cyber-attacks start with a phishing email. DMARC defends your business against phishing attacks. It is a global industry standard that has been mandated by the British Government.Read More
Additional Information – does it really make any difference?
Often we’re asked whether providing additional information to insurers really does make a difference to securing a competitive premium. In this article we explore with our underwriters why this is now more important than ever, but also how best to achieve this for your firm.Read More
Personal Injury Practices - Are you prepared for renewal?
Lockton continue to act for a large number of legal practices who undertake a significant proportion of personal injury work. Through our continued engagement with these firms we understand and appreciate the potential challenges businesses are likely to face arising from the Civil Liability Act, should the continued endeavours of various groups and individuals not be successful.Read More
Introducing Calico Legal Solutions Group
Lockton are proud to be one of the Founding Members of Calico Legal Solutions Group. Calico is a unique collaboration of established and trusted suppliers to approximately 50% of the legal profession of England and Wales combined, with clients’ ranging from sole practitioners through to top 100 and Global law firms.Read More
Freelancers - what we know
One of the most talked about proposals from the SRA’s new “Looking to the Future” initiative –is the choice of new models of practice, with sole solicitors, (coined as “freelance solicitors”) no longer having to be authorised or regulated and will be able to deliver legal services directly to the public.Read More
Preparation is key | A guide for upcoming renewals
It has been widely documented in the insurance press that the UK Professional Indemnity Insurance (PII) market is challenging. A number of participating insurers are reviewing their solicitor portfolios as a direct result of claims activity. Because of this claims activity, rates may well increase for a number of areas of law. At a time when it is as crucial as ever to stand out from the crowd, this article highlights the benefits of investing in your PII renewal process, meanwhile reducing the potential for unnecessary stress further down the line.Read More
Extended Indemnity Period – Dispelling the Myth
To put simply, the Extended Indemnity Period (EIP) is not “extra time” to renew your Professional Indemnity Insurance. There appears to be a common misconception of what the Extended Indemnity Period (EIP) is intended for. This article aims to clarify matters whilst also addresses the potential implications and impact on a practice entering the EIP.Read More
To rectify or not to rectify, that is the question - the recent case of the SRA v Howell Jones LLP
Often when solicitors find themselves in a difficult position with a client, for example, where an error has been made in calculating SDLT and a fine is foreseeable, they will try to put things right with the consent of the client. Our insured clients often ask insurers for permission to rectify a situation where they consider that to do so would be in the best interests of their client and would not create an irreconcilable conflict of interest.Read More
Lockton Solicitors Compliance Update Webinar Recording
We recently held a Compliance Spring Update webinar for our clients. You can find the recording here.Read More
Lockton Solicitors Compliance Update | Wednesday 22nd May | 2:30pm - 3:30pm
With new SRA Standards and Regulations coming into force in November, and more Money Laundering Regulations due towards the end of the year, there is a lot for Compliance Officers to focus on over the summer months. Join us for this Compliance Update Webinar, with Amy Bell, Risk Management Consultant.Read More
Emerging areas of law – An option for the future or an opportunity right now?
There will always be a demand for traditional areas of law such as conveyance, personal injury, wills, trust and probate, family, employment and commercial but with increasing competition along with continued pressure on fees it might be worth considering some of the emerging areas of law that could compliment your existing offering.Read More
Reflection on the latest PII renewal season
Leading up to the latest renewal season there was plenty of publicity concerning the insurance market place and the possibility of rates hardening. Following the conclusion of the March and April renewal season and practices are now in receipt of their policy documentation we can reflect and report on what has occurred during this renewal period, using our portfolio of clients as the basis of our consideration.Read More
- Proposal Form -
Solicitors Professional Indemnity Proposal Form (1-20 Partners)
- News - Property/Conveyancing
Leasehold properties - Grounds for concern for solicitors?
- News - Property/Conveyancing
- News - Professional Indemnity, Claims
Insured with Enterprise? Managing the fall-out from liquidation
- Guidance - Risk Management - General, Legal/regulatory changes, AML
The Biggest Change to AML in a Decade
- News - Risk Management - General
Client Account Dangers Exposed
- Guidance - Fraud & Scams
Invoice fraud: educating your clients
- News - Professional Indemnity
Solicitors PII Renewal Statistics - a year in review