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Makes sense from Yorkshire really although notice might have been nice - how long before the rest follow? They are doing the SRA's work for them.

As I am personally liable for my firms debts i would not dream of going with an unrated insurer. if I traded as an LLP or a limited company then I would take a different view. The SRA are bang on about unrated insurers - the debacle of last year is evidence that they are right. The Law Society in opposing the SRA's stance shows how out of touch it is .

The real issue here is that the entire solicitors pii needs to be fixed so to encourage solid insurers to enter the market and to bring down costs. A fundamental review is needed rather than that which the SRA is doing. Proper insurance = higher premiums = higher charges to clients. The public needs to start paying for a proper service and to be educated as to the costs of running a legal service.

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