The Solicitors Indemnity Fund (SIF) will stop accepting new claims after September 2023. It’s important to understand what this means so you can protect yourself against potential future claims.The Law Society has provided full guidance on the issue which we exract for our readers but which can also be accessed directly via this link Closure of the Solicitors Indemnity Fund
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Following the Independent Review into Criminal Legal Aid by Sir Christopher Bellamy the conclusions supported what Criminal Defence Solicitors had been saying for years – that the justice system and legal aid funding was in crisis . It is no understatement to say that the Criminal Justice System is on the point of collapse . Sir Christopher responded in strong
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This is your opportunity to help shape the direction of the Law Society for the next three years. If you can complete the 10-minute survey and tell the Law Society what you think about the issues They are prioritising and the services being developed you will also be entered into a draw for a £100 Amazon gift card. Take
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The SRA has announced that the outcome of the consultation is that it has agreed to extend the SIF until September 2023 whilst further options to protect consumers are considered . The move comes after the SRA launched a consultation in November 2021 where it sought views from the profession about the future of SIF, which currently provides supplementary run-off
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SRA Consult on future of SIF – with closure at risk The SRA have now launched a formal consultation on the Solicitors Indemnity Fund and the clear direciton of travel appears to be towards a closure of the fund with a consequent risk to the public and all solicitors . It is vital that all Solcitors respond to the consultation
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The LSB has placed further pressure on the SRA to expand price transparency measures in its consultation – “Draft statement of policy on empowering consumers – consultation paper ” The LSB notes in its executive summary that : Although there have been some positive market developments and new regulatory arrangements since 2016, it is clear that further action is needed
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Monday 27 September, 2-3pm Virtual meeting with the SRA to discuss post six-year run off cover We have pleasure to announce that we have managed to secure a meeting with the SRA for Yorkshire Solicitors to discuss the Post run off cover for solicitors which was to be withdrawn but is now subject to a 12 month extension whilst the
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Covid 19 and the path out – seeking your views to inform Law Society Policy It can be difficult to sometimes now remember our world before we had Covid 19 and it is certainly the case that the human cost to us all of this pandemic is incalcuable . In our professional worlds we have also seen virtually everything change
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The Civil Justice Council after a ful consultation have pressed ahead with reccomendations ot increase hourly rates . Readers may wish to note the current rates found here Have been subject to consultation by the Civil Justice Council which you can access via this link https://www.judiciary.uk/wp-content/uploads/2021/01/20210108-GHR-Report-for-consultation-FINAL.pdf Following a detailed consultation the final report has now been made with reccomended increases
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It is currently a busy time on Government Consultantions and a number of the more recent ones can be found on our Consultation Page at the Yorkshire Union of Law Societies https://yorkshireunion.org.uk/consultations/ Two particular consultations are likely to be of interest to Solicitors : Dispute Resolution A consultation on how Dispute Resolution and modern litigation should now look including the
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