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Solicitors: raising the standard, reducing the risk

30 September 2019
DWF | Dublin PI Insurance Speakers
DWF has recently hosted an event in Dublin focusing on solicitors professional indemnity insurance.

The event was moderated by Aidan Leonard, Claims Director at DWF and Manager of the Special Purpose Fund and we were joined by Brian Doherty, Chief Executive Officer of the Legal Service Regulatory Authority and Julie Brennan, Managing Director of the Institute of Legal Research and Standards.

Attendees at the event included professional indemnity insurers, brokers and solicitors and topics covered included the role of the Legal Service Regulatory Authority and the new complaints regime; independent auditing of solicitors and best practice guidance for legal firms.

During the session our professional indemnity insurance expert, Sinéad Ryan, also provided insights into her own experience in this area along with the current trends we are seeing in solicitors claims such as a decrease in the number of 'breach of undertaking' type cases and a steady flow of claims arising from the statute of limitations, delay and exaggerated or fraudulent claims.  

This was a timely reminder as Irish solicitors are required to renew their professional indemnity insurance by 1 December 2019.

If you require any advice or assistance please do not hesitate to contact Sinéad Ryan 

Speakers (L-R): Aidan Leonard; Julie Brennan; Brian Doherty and Sinead Ryan

DWF | Dublin PI Insurance Speakers

 

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