SRA weighs future of lawyers’ compensation fund

0
By Ashish Sareen (August 3, 2022, 8:12 p.m. BST) – The Lawyers Regulatory Authority on Wednesday detailed potential future options for a statutory insurance fund that pays clients pursuing negligence claims against firms that have disappeared long after their closure.

The SRA, the watchdog for solicitors in England and Wales, is currently weighing options for the future of the Solicitors Indemnity Fund, which covers negligence claims brought more than six years after a practice closed lawyers.

Lawyers are required by law to carry professional indemnity insurance, which protects against the risk of clients bringing negligence claims against them. Most fonts are sold with a…

Stay one step ahead

In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.

  • Access to case data in articles (numbers, filings, courts, nature of lawsuits, etc.)
  • Access to attached documents such as briefs, motions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and more!

TRY LAW360 FREE FOR SEVEN DAYS

Share.

About Author

Comments are closed.