The ‘last chance saloon' for law firms unable to gain insurance cover is to be phased out as part of a shake-up of the current regime. The Solicitors Regulation Authority (SRA) has announced a series of measures to overhaul client financial protection, primarily focused on the Assigned Risks Pool (ARP), which insures struggling law firms unable to buy commercial cover.
April 15, 2011 at 09:20 AM
1 minute read
The original version of this story was published on Legalweek
The ‘last chance saloon’ for law firms unable to gain insurance cover is to be phased out as part of a shake-up of the current regime.
The Solicitors Regulation Authority (SRA) has announced a series of measures to overhaul client financial protection, primarily focused on the Assigned Risks Pool (ARP), which insures struggling law firms unable to buy commercial cover.
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