A buyers' market - PII update

13 Sep 2016

As this year's professional indemnity insurance renewals hit the final straight, BLM partner and head of professional indemnity, Julian Smart speaks to The Law Society Gazette about this year's trends and the different pressures put on lawyers due to an rapidly changing and consolidating market.

The article also touches on the Insurance Act 2015 and why law firms need to take note of the new legislation.

When discussing the rapidly changing market place, Julian says, "...as a result we have seen work delegated downwards to very junior lawyers which raises the risk of errors being made . This can be in the form of potentially under-settling injury claims or matrimonial settlements..."

To read the full interview and to be redirected to The Law Society Gazette website, please click here.

 

 

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Disclaimer: This document does not present a complete or comprehensive statement of the law, nor does it constitute legal advice. It is intended only to highlight issues that may be of interest to customers of BLM. Specialist legal advice should always be sought in any particular case.

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Julian Smart

Julian Smart

Partner,
Birmingham


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