Society's News

Notification of Bristol Law Society AGM

Agenda 2021

Corporate Members 2021

3PB Albion Chambers Ashfords Barcan + Kirby Battens Beale & Co BLM Burges Salmon Clarke Willmott CMS CMNO Cooke Painter Ltd Clyde & Co DAC Beachcroft The Family Law Practice Foot Anstey (including Enable Law) Fussell Wright GL Law Guildhall Chambers Irwin Mitchell Solicitors Lyons Davidson Marc White & Co Meade King Osborne Clarke Paragon Costs Solutions Queen Square Chambers … more

No 12, The Meeting Rooms – Conference, Meeting and Mediation Rooms for Hire

Please note that the BLS office is shut to members at present as we continue to work from home during the pandemic.  Bristol Law Society’s suite of conference and meeting rooms including a suite of mediation rooms are conveniently located in the centre between the Waterfront Area and the Old City in a modern building situated on the corner of … more

Important News Regarding Pi Insurance For Solicitors

The Law Society has asked Bristol Law Society to alert members to the fact that the deadline for PII renewals expired on 30th September.  Firms who have not obtained insurance will now be subject to the provisions of the Extended Indemnity Period (EIP) and Cessation Period.  This provides firms with 90 days to either to obtain insurance or to make arrangements to shut down or merge.

 

We understand that it is too early to give a precise figure for the number of firms that have not yet obtained PII.  Firms are required to notify the SRA within five working days of the expiry date if they have not obtained insurance.  However, initial indications suggest that the number may well be in the hundreds.

 

The Law Society has asked us to note that solicitors who have been unable to find insurance can consider the following resources for advice:

 

  • See the Law Society’s advice on the EIP and what it means – http://www.lawsociety.org.uk/advice/articles/extended-indemnity-period/;
  • Explore the option of Chancery Pii, which is a managing general agency that has been created to provide primary layer PII cover for solicitors’ firms in England and Wales with 1-4 partners. Chancery Pii places insurance with a panel of participating insurers. Each insurer has a financial strength rating of at least A- (Standard and Poor’s) or equivalent and each takes an agreed percentage share of the liability/premium for a policy. More information is available at www.lawsociety.org.uk/chancerypii
  • In respect of advice about planning for closure/merger, the Society provides:

 

 

  • Pastoral support from LawCare.

 

Further information from the Law Society can be found online at http://www.lawsociety.org.uk/communities/small-firms-division/articles/professional-indemnity-insurance-renewal-situation-october-2013/