Lawyers may face ruin over new PI.
The new professional indemnity arrangements for solicitors could force some reputable practices out ...
The new professional indemnity arrangements for solicitors couldforce some reputable practices out of business.
Steve Roberts chief executive of Zurich Professional told PB that some
"sound" firms practicing in high-risk areas of law may not meet insurers'
underwriting criteria and will find it impossible to get cover on the open
market. He said: "A firm heavily into conveyancing will be considered
particularly high-risk, as will firms who deal with lots of
litigation."
Andrew Derby, head of
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