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By Frank Maher28 June 2021 Solicitors Indemnity Fund For the first time since 1976, solicitors and staff from practices which have closed may find from October 2022 that they have no insurance against professional liability claims.  Frank Maher Practices which close without a successor practice must have six years’ run-off cover under the SRA Minimum Terms and Conditions. After that, the Solicitors Indemnity Fund (SIF) has provided cover. That will cease next year.   The risk is not illusory. SIF statistics published in 2016 show that approximately 10% of claims are made after six years. A recent claim in the Court of Appeal against the Halliwell Landau partnership (not a SIF case) arose from an alleged act in 2003 – a year before the firm had converted to an LLP which collapsed into administration in 2010.  

City ofUnited kingdomHalliwell landauLegal servicesLaw societySolicitors indemnity fundGazette onlineLegal services actRoyal charterநகரம் ஆஃப்ஒன்றுபட்டது கிஂக்டம்ஹாலிவெல் ல்யாந்‌டாசட்டப்பூர்வமானது சேவைகள்சட்டம் சமூகம்வழக்குரைஞர்கள் இழப்பெதிர்காப்புப் நிதிகஸெட் நிகழ்நிலை