Resource Centre… What Do You Want To Find?

SRA consultation update: the Lockton perspective

On the 23rd March 2018, the SRA opened a consultation, titled: Protecting the users of legal services: balancing cost and access to legal services. At the heart of the topic was the question of the correct level of consumer protection when using a solicitor or law firm, and whether changes could be made that would still offer adequate protection but in turn produce a more competitive and populous marketplace. When the consultation opened, the SRA can be quoted as follows “Our PII proposals will give firms more flexibility to choose the right level of insurance to suit their business and clients.” These comments and suggested reforms to PII generated strong opinions both in support and in challenge. The consultation closed on the 15th June and many have been waiting for the outcome.

SRA update for firms advising or providing insurance: what you need to know

The SRA handbook was updated on 1st October 2018 to reflect new financial service rules. The rules were implemented to ensure compliance with the Insurance distribution directive (IDD), a new European directive that replaced the Insurance mediation directive (IMD). The directive was introduced primarily to ensure that there is consistency to all distributors of insurance products. Its primary aim is to further strengthen protection for consumers, particularly in respect of the information provided to them concerning the transaction(s). These new rules will impact law firms who participate in the distribution of insurance. Consequently, new working processes are required to be implemented.

Solicitors PII - Reflection on the October PII season and what is to come

Dangers of Dabbling

Coming Soon – SRA Better Information, More Choice Reforms 2018

The Pelican Brief - Trends and Claims Update September 2018

This latest issue of the Pelican Brief looks at two key developments. Firstly, it considers the May 2018 Court of Appeal case of Dreamvar v Mishcon de Reya, and provides suggestions for conveyancers to protect themselves from fraud and potential liability. Secondly it sets out a summary of the key changes and recommendations to avoid falling foul of the GDPR regulations.

PII Market Update: Libra loses main capacity backer and pulls out of solicitors PI

Cyber Threat to the UK Legal Sector: a must-read for law firms

The National Cyber Security Centre, The Law Society and the National Cyber Security Industry 100 group have recently commissioned a report about the cyber threat to the UK Legal Sector. Whether you are a sole practitioner or a large global practice, this report provides valuable information about the technological threats that law firms are faced with today. From a risk management perspective, we feel that the report is a useful resource that you should be made aware of.