Solicitors’ professional indemnity insurance (PII) will be the subject of a ‘wide-ranging’ review by the Solicitors Regulation Authority, chair of the SRA board Charles Plant reveals in his Gazette column today.
The PII review forms part of a ‘root-and-branch review of client financial protection’ also covering the compensation fund, Plant says.
However, any recommendations resulting from the review will be implemented in time for the 2011, rather than 2010, renewals.
Plant says that the SRA is arranging to meet black and minority ethnic practitioner groups and insurers to explore discrimination concerns (see 3 June).
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