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And what will the SRA do to protect those clients who bring a claim for more than £500,000 arising from work undertaken at a time when the minimum limit was £2m or £3m and the client had been told in the engagement letter that the minimum cover was £2m or £3m. Similarly, what about the retired fee-earner who undertook the allegedly negligent work or retired partners of the firm in question? These questions were posed by Frank Maher back in 2015. Nobody (including the SRA, of course) had any coherent answers. The reality is that if insurance cover is written on a "claims made" basis (as all professional indemnity insurance is in this jurisdiction), anyone who reduces their limit of cover is risking financial ruin for themselves - and potentially their clients too. Is that what the numpties at the SRA want to happen?

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