To say SRA regulated legal practices have experienced tough conditions within the PII market in 2020 may well be perceived as an understatement by some within the profession. Many practices experienced one of the hardest renewal periods since the commencement of the Open Market in September 2000.
As we have done in recent years, we look at what happened during the October renewal season, identify key factors that influenced the environment and help provide some rationale as to why premiums and rates have changed. We analyse high level aggregate data of what we saw and gaze into the crystal ball as to what we can expect in 2021 and beyond.
You can read the full report by clicking the link on the right hand side of this page.