Is the Legal Profession Sleepwalking into a PII Nightmare?
Will the proposed PII changes achieve what the SRA hope? On 23 March 2018 the SRA released a consultation on proposed changes to the minimum terms and conditions. The intention of these changes is to reduce the cost of professional indemnity insurance. They hope the anticipated reduction in PII costs will make legal services more affordable for disadvantaged consumers and provide greater choice of legal service provider as more providers will be enticed into entering with legal market due to the lower costs.
This seminar will explore whether or not these outcomes are likely to be achieved and will also explore the impact for exiting firms and the unintended consequences that may flow from the proposed changes. Join us to discuss:
• Will cost savings be achieved or will it cost more?
• Claims made policies and the impact of the changes (will you still have cover?)
• Will your firm still be able to carry out conveyancing work?
• The impact on firms dealing with commercial clients.
• The unintended consequences
Speaker: Colin Taylor CIRM, Partner, JLT Specialty Legal Practices Group.
Colin has over 25 years of experience in the insurance industry, and brings with him a wealth of knowledge regarding the professional indemnity and risk management needs of the legal and professional services sector.. He has been:
Spaces are limited, please reply to Jeanette Lacy Scott – email@example.com