Solicitors and fee earners operate every day under the looming shadow of regulatory actions from the SRA, and the harsh reality is that many law firms are unprepared. When the SRA comes knocking, your firm’s insurance policies may leave you exposed.
Professional Indemnity Insurance may offer some protection, but beware: it often only provides a defence if a claim for professional negligence is lodged at the same time by the firms client. What happens in the grey area of standalone investigations? The fee earner is left unprotected, facing the regulator alone.
Directors and Officers liability policies are intended to protect the firm and it’s management team, but they often contain a professional services exclusion that can leave the fee earner in the crosshairs of regulatory scrutiny. If any regulatory matter arises in conjunction with a client file, your fee earner may find themselves without a safety net, facing potentially significant consequences.
Solicitor Insure protects against regulatory threats. We provide specialised advice, legal defence, and protection for individual fee earners who find themselves in the crosshairs of SRA investigations. The legal defence team is well-versed in SRA protocols, and fee earners won’t have to navigate the landscape alone. From the first stages of engagement with the regulator they will craft responses in SRA format, gather critical documentation, and, when necessary, representing them in tribunal or disciplinary hearings.
Solicitor Insure aims to provide;
Early intervention to avoid matters escalating out of control
Early mitigation to achieve the best possible outcomes
Choice – so that the fee earner and the firm can decide whether to contest the matter and avoid the collateral damage of reputational problems
Crucially, our services are designed to protect an individual’s practicing certificate during SRA investigations, sanctions, or disciplinary proceedings. This policy is purchased by the firm, covering every employee acting on behalf of clients—ensuring that no one is left vulnerable and exposed to the consequences of regulatory action.
The dangers are real, and the consequences severe. For more information or personalised quotes, call 0808 169 1500 or request a quote online at here.
Protect your fee earner’s career and your firm’s future from the consequences of a regulatory catastrophe.
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