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The Law Society's Risk and Compliance Service is delighted to announce a new advice service dedicated to COLPs and COFAs.
Recent report shows that consumers are increasingly satisfied with the value for money they receive from solicitors.
Des Hudson, the Law Society's chief executive rounds up the Society's actions on professional indemnity insurance run-off cover.
The Red Tape Challenge is a government initiative to promote an open discussion on regulation. The initiative seeks to harness the ideas and experience of people of who deal with regulation day-in, day-out.
The Law Society, in collaboration with the Legal Services Board and the Ministry of Justice, is undertaking an important survey of law firms in England and Wales.
We have called for the Legal Services Board to reject the SRA's decision to burden the Compensation Fund with PII cover for uninsured firms.
The SRA has announced that firms will be able to nominate compliance officers for legal practice (COLPs) and compliance officers for finance and administration (COFAs) from 31 May.
A survey of 600 Law Society members indicates that the solicitors' professional indemnity insurance (PII) market has remained relatively stable between 2010 and 2011.
This pilot is initially for COLPs in top 100 firms and aims to enable practical interpretation of the Handbook.
The SRA has announced that it intends to start the revocation process in mid-April.
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