Following the comprehensive independent review of client financial protection arrangements the SRA are proposing significant changes not least the removal of the single renewal date for professional indemnity insurance for firms from October 2011. There are long term changes also set out for discussion including changes to the Solicitors’ Compensation Fund.
You can see the full consultation paper here:
http://www.sra.org.uk/consultations">www.sra.org.uk/consultations and don’t forget to share your views before 28th February 2011.
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