Indemnity Insurer Actively Seeks To Reward Well Managed Firms
Firms who maintain a claims-free record may be able to benefit from a financial rebate provided it meets certain conditions. New professional indemnity insurer New Eden is claiming to be the first to offer firms “direct financial rewards”. Richard Brown, Chairman of New Eden, said in an interview with Legal Futures that rewards could take […]
Exclusive Probate Report Protects Legal Advisors’ Professional Indemnity
Distinctively placed, DevAssist have created the only reports of their type in the country which audits sites for development risks and opportunities.
Law Society warns Solicitors and clients at risk if insurance cover slashed
Cutting back mandatory professional indemnity insurance (PII) for solicitors would be bad for partners, law firm employees and clients alike, the Law Society of England and Wales said in response to proposals to a Solicitors Regulation Authority (SRA) consultation.
Policyholders of collapsed indemnity insurer still covered
Firms covered by an insurer who was recently placed into provisional administration have been advised that they do not need to take out additional cover.
SDT strikes off solicitor who overcharged by 574%
A solicitor who excessively overcharged for probate work has been struck off by the Solicitors Disciplinary Tribunal.
Rogue website warning from Pensions Regulator
The Pensions Regulator (TPR) has urged consumers to be aware of rogue pension websites.
Advisers hung up on cold-calling ban
The Government has received criticism from advisers after stating that the ban on pension cold-calling will not encompass all investment products.
Power of Attorney abuse sees solicitor pocket £250k
South Wales solicitor has been struck off for stealing from clients and creating false wills.
In need of interim compliance support?
Law firms, like other companies, will sometimes experience short-term resourcing issues. This may be because of a key member of staff leaving, through maternity or paternity leave, sickness or perhaps just due to volume of work. It often comes as a surprise to firms when I explain that Legal Eye can plug the gap. We […]
Public and law firm money at risk as regulator reports cyber theft at peak levels
There has been a record number of reports of cyber thefts from law firms reported in the first quarter of this year, with house moves the main target, according to a report from the Solicitors Regulation Authority (SRA). The SRA received more than double the amount of reports of cyber theft in the first quarter […]
2017 is the year for Anti-Money Laundering to triumph in the UK… Transparency is key
With the rise of digital money laundering, the risk of a business getting caught up in such operations has never been higher.