Solicitors are warned to take protective measures against potential negligence claims ahead of the September closure of the SIF
Solicitors have been warned to take protective measures against potential negligence claims in view of the September closure of the Solicitors Indemnity Fund (SIF).
The Law Society said the SIF closure could leave former law firm owners liable for losses for any new claims – even in the case of those who shut shop up to 20 years ago – unless the former principals made alternative arrangements
The SIF has provides supplementary run-off cover for law firms, partners, staff and clients after their mandatory six-year run-off period has come to an end.
Law Society of England and Wales president I. Stephanie Boyce warned that those who have retired or plan to retire, or have been employed by a firm that has ...