Purple chairs in reception with side view of corridor

SAAMCo Revisited by the Supreme Court – RPC and Simon Salzedo QC explain what it means for professional services firms and their insurers

Simon Salzedo QC who represented Grant Thornton in this case and RPC examine this latest decision and discuss some of the consequences for law and accountancy firms and their insurers.

Duration: 1 hour

Event type: Webinar

Provided by: RPC

On 18 June 2021 the Supreme Court hands down its judgment in Manchester Building Society v Grant Thornton UK LLP (delayed from 28 May 2021). This is the second time the Supreme Court has revisited the application of SAAMCo principles since the decision was first handed down by the House of Lords over 20 years ago.

The importance of SAAMCo principles cannot be overstated for professional services firms and their insurers. It has limited the amount of damages recovered against in negligence claims by many hundreds of millions of pounds. The key principles were first revisited and largely restated in 2016 in BPE v Hughes Holland. Since then the composition of the Supreme Court has changed significantly and the appeal in Manchester challenges some of those key concepts.

Location: Past event