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Professional & Financial Risks

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Ammunition for Defendants: Claimants may have to waive privilege to prove mitigation

30 September 2014

The High Court recently found in a solicitors negligence claim that a claimant acted unreasonably in (1) settling an arbitration and then (2) refusing to waive privilege such that the Court could assess the reasonableness of the settlement.

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SRA's compensation fund to provide cover for negligence claims against uninsured firms

Published on 29 September 2014. By Philip McCormack, Associate

A recent article in Legal Futures suggests that it will cost contributors to the SRA's compensation fund £2.5m in the 2014/15 year in order to cover negligence claims against uninsured firms following the ARP's closure last September.

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Brokers' Duties – Business Interruption

Published on 23 September 2014. By Ben Goodier, Partner

Whilst not exactly a reason for brokers to jump for joy, the recent case of Eurokey Recycling Limited v Giles Insurance Brokers Limited has at least reversed the trend of brokers' duties becoming more onerous with each reported case.

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Supreme Court: Insurers counting the costs of negligent will drafting

19 September 2014

Insurers beware: where limited funds are available in an estate and there has been a dispute caused by solicitor negligence over a will then the usual 'loser pays' rule may not apply...

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Slapdash SIPPs told to sharpen up by FCA

15 September 2014

SIPP Operators have repeatedly been in the headlines since the FCA completed its second thematic review in 2012.

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No reason to delay October 2014 renewal for solicitors

Published on 09 September 2014. By Tina Campbell, Senior Associate

This is traditionally a busy time of year for insurers, brokers and law firms in the run up to the 1 October deadline for securing professional indemnity insurance cover.

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The Insolvency Service Complaints Gateway – first year report card

Published on 08 September 2014. By Rachael Healey, Legal Director

In June 2013 the Complaints Gateway was established to provide a single entry point for regulatory complaints against insolvency practitioners.

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The perils of skiing, reduced bonuses and missed deadlines

26 August 2014

The High Court has recently revisited how loss of chance damages will be quantified in professional negligence claims.

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Denton v White guidance applied

26 August 2014

In little more than a month since the Court of Appeal handed down its judgment ...

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Ensuring that where there's a Will, the right way is adopted – and by the right person

26 August 2014

The Law Society Gazette has recently reported that claims for mishandling a deceased's estate have more than tripled over the last year, according to figures released by the High Court.

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