Resource Centre… What Do You Want To Find?

Important Update for Clients - IUA Open Letter

It is important to inform you of a recent development within the PII marketplace. Much has been reported about the prevailing insurance market conditions and the impact that claims activity experienced by the Legal Profession has had on Insurers.

The stamp duty holiday - a positive move but it comes with increased risks for conveyancers

Chancellor Rishi Sunak’s announcement that he is introducing a Stamp Duty Land Tax holiday to help jump start the economy was welcome news, but it does bring some increased risks for conveyancers.

Our Top 10 Cyber Insurance Questions

In the complex world of cyber, you should always stay ahead of the curve. We look at the top 10 questions Lockton's cyber risk specialists hear in relation to insurance.

COVID-19 Property Damage and Business Interruption - Claim Notification and the FCA Test Case

Policyholders who have thus far notified their insurers of Property Damage and Business Interruption (PDBI) claims for their losses resulting from the COVID-19 pandemic have generally found that insurers are unwilling to accept them.

Why should a law firm outsource its finance function?

There a four main areas in which law firms can benefit from outsourcing their finance function – efficiency, risk, compliance, and resilience

NHS Test and Trace - Recommendations for securing your data

The NHS Test and Trace service went live in England on 28 May 2020. It aims to test and trace Covid-19 cases, to help control the spread of the virus

Solicitors Professional Indemnity – Supplementary Covid 19 Questions

With the next significant date of 1st October for Solicitors to renew their Professional Indemnity Insurance, Insurers with their actuarial minds are now looking to their Insureds to explain what they have been doing to mitigate risk in light of the momentous change to our lives.

Not all business is good business - The importance of client selection

When considering professional indemnity claims it is often worth looking back at the root of where the issues first arose. What can become clear is that many claims could have been avoided if the client selection process at the firm was more robust.

Spring Renewals - A Reflection of the Season Past

Whilst the world adapts to a new norm in light of Covid-19, the PII market faced its own set of challenges that in-part, rose from the virus and other factors. To reflect on the season past, we provide commentary into what happened during the spring renewal period

Wellbeing – a considered risk?

The recent case of Claire Matthews, a junior solicitor who was struck off after lying about a missing briefcase, has thrown the spotlight on mental wellbeing in the legal profession.

Gross fees: what do I declare?

Declaring your firm’s gross fees for the financial year can be a confusing task. Below we summarise what would be classed as a rateable fee income by Insurers for the purposes of your Professional Indemnity insurance renewal.

Social media for Law Practices

Social media might not be ‘your thing’ but there is no doubt that its use is growing at an exponential rate. Anyone with a mobile device can search for virtually any information they need, at any time, meaning that an online presence can really help a law firm stand out from the crowd. You need your firm to be visible in the places your clients engage digitally.

Do I need to disclose opinions about clients