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318 results

January 07 2014

News - Professional Indemnity, Risk Management - General, Employee Benefits Consultancy

Upcoming CPD Seminars for Solicitors

It's never too early to start planning your CPD, and with our half day conferences on Property Risks, and breakfast briefings on Information Security and Cloud Computing coming up in the next few weeks, sign up now online

Property claims drive law firms' risk profiles

January 03 2014

News - Professional Indemnity, Risk Management - General, Claims

Property claims drive law firms' risk profiles

Residential and commercial conveyancing accounts for more claims than any other work-type. This article looks at the most common causes of claims and identifies practical risk controls that you can implement. There is also a link to our upcoming Property Risks half day CPD conference - sign up to our free event now.

December 16 2013

News - Information Security/Cyber Risk, Risk Management - General

Cyber security: Cloud Control

What are the security implications for law firms using emerging technologies such as cloud computing? Lockton are experienced in advising law firms on managing the risks inherent in adopting new technology, and in this article we discuss some of significant cyber risks which accompany the cost benefits and flexibility that cloud solutions offer.

'Substantial numbers' of law firms without insurance as SRA draws in on firms failing to report insurance status

December 13 2013

News - Professional Indemnity, Risk Management - General

'Substantial numbers' of law firms without insurance as SRA draws in on firms failing to report insurance status

As reported in the Law Gazette this week - a significant number of firms may have failed to inform them of their insurance position. Steve Holland, Practice Leader of the Solicitor's team at Lockton, asks: What are the implications for the profession?

Changes to taxation of pension benefits: are you prepared?

December 10 2013

News - Employee Benefits Consultancy

Changes to taxation of pension benefits: are you prepared?

What will be the impact for you, your firm, or your clients of the changes to Life Time Allowances, recently announced by the government? Chris Rofe, of Lockton Employee Benefits, explains how the changes might impact - and ways of mitigating the impact for your firm, and your clients.

What now for law firms that have yet to declare their insurance position to the SRA?

December 02 2013

News - Professional Indemnity, Risk Management - General

What now for law firms that have yet to declare their insurance position to the SRA?

Nicola Laver interviews Steve Holland and Calum MacLean of Lockton regarding the fall out for firms who have not informed the Solicitors Regulation Authority of their failure to obtain PII cover. This article was originally published on the Current Awareness service on LexisLibrary on 20 November 2013

Embedding a Risk Management culture in Law Firms

November 29 2013

News - Risk Management - General, Claims

Embedding a Risk Management culture in Law Firms

Outcomes Focussed Regulation reflects the SRA's recognition that risk management is essential to a law firm's daily operation. Embedding risk management is often seen as a time-consuming luxury, which firms facing harsh commercial realities cannot achieve. As the spotlight increasingly falls on the financial performance of firms, effective risk management is a commercial necessity. We outline some high level tips for achieving this.

November 25 2013

News - Professional Indemnity

Lemma Europe falsified accounts

Failed unrated insurer, Lemma, found to have failed to meet required standards in underwriting, claims handling, and in its own accounting practices, according to a report in the Insurance Times this week.

Is your practice at risk? Law firms identified as target of financial fraud

November 20 2013

News - Risk Management - General, Claims

Is your practice at risk? Law firms identified as target of financial fraud

The SRA Risk Outlook published this month identifies a range of current and emerging risks. In this first article in a series focussing in risks identified in the SRA report, Calum MacLean, Risk Manager at Lockton, considers how best firms can tackle the risk of financial fraud.

Mergers: a case of 'Marry today, divorce tomorrow'?

November 15 2013

News - Professional Indemnity, Risk Management - General

Mergers: a case of 'Marry today, divorce tomorrow'?

As the latest research from HW Fisher suggests that a third of small law firms in the south east are considering merging, we ask what the key drivers for merger are, and what you should be considering before tying the knot.

At least 50 firms in breach of reporting obligations to SRA over failure to obtain PII renewal

November 13 2013

News - Professional Indemnity

At least 50 firms in breach of reporting obligations to SRA over failure to obtain PII renewal

What are the implications of firms continuing to operate, having failed to obtain cover by 1st October? While they may not yet be operating without insurance, due to the 90 day extended indemnity period, the consequences for firms, their partners and ultimately their clients could be significant.

At least 185 firms still seeking cover one week after 1st October PII renewal deadline

October 11 2013

News - Professional Indemnity

At least 185 firms still seeking cover one week after 1st October PII renewal deadline

185 firms have informed the SRA that they are still seeking cover, as at 8th October - with little more than 3 weeks to find PII cover or be forced to wind up their business. Steve Holland, Senior Vice President at Lockton, considers the implications for the profession.