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Firms who maintain a claims-free record may be able to benefit from a financial rebate provided it meets certain conditions. New professional indemnity insurer New Eden is claiming to be the first to offer firms “direct financial rewards”. Richard Brown, chairman of New Eden, said in an interview with Legal Futures that rewards could take the form of a full annual rebate of the premium in a firm’s fourth year if it remained claims-free.
Read moreThe Law Commission’s report in to Suspicious Activity Reports has taken a conservative approach with few major changes announced. Read Legal Eye’s take on the report here.
Read morePlease join us on 14 November for our annual conference. This year we’ll be focusing on the ‘Real Cost of Risk Management’ – how to effectively resource your risk function at a time of unprecedented change; whilst at the same time ensure your risk framework actively supports the growth and success of your firm.
Read moreAfter the first round of Professional Indemnity Insurance renewals specialist broker Marsh JLT Specialty report a mixed bag of experience for solicitors. Some have seen rate increases for the primary level of cover ranging from from low single digit to, in some cases, as much as 20%.
Read moreLegal Eye’s very own MD Paul Saunders will be serving as a judge at this year’s British Wills and Probate Awards this October. The event recognises excellence, innovation and best practice amongst private client lawyers, will writers, estate planners and professionals advising those in later life.
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