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@Mick C 30 March 2016 1.14pm:

"....Also, there seems to be a view that indemnity insurers will fulfill their side of their contracts, instead of wriggling to avoid them, or going bust themselves. Surely recent history indicates that financial institutions are the most greedy and least trustworthy and honourable entities? Why would indemnity insurers be any different?
In the event of real difficulty, the Compensation Fund is a sitting target for any judge seeking to "promote the public good"....the usual excuse to find against the solicitors profession. ..."

You have a very uncanny habit of speaking for me Mick.

They are very very naive, any of the Edwardian Tillers at 113 Chancery Lane that let ABS and MDP's in to asset strip the legal profession here ....

Very naive.

I don't think I contribute as I don't hold client funds, thank goodness.

Soft underbelly as I said ....

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