Society's News

Corporate Members 2022

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

BLS features in Bristol Post oldest thriving companies in Bristol

Excerpt from the article: How Bristol’s oldest companies are still thriving after more than 100 years in business They include the city’s last-surviving chocolate maker a wine merchant and a tannery. Why do some companies struggle to survive beyond a year while others flourish for hundreds? Although more than 90 per cent of small companies in Britain will survive one … more

BLS Annual Awards Dinner 3rd November 2022

Check out our digital Awards Brochure with a welcome from our C0-Presidents, full details of the award categories and links to our wonderful supporters who make this event possible. We look forward to celebrating the best of the local profession with you on 3rd November! BLS Awards 2022 Digital Brochure

SRA agrees to Law Society’s request for SIF extension

Press release • 15 Jun 2021

The Law Society of England and Wales welcomed the Solicitors Regulation Authority’s
(SRA) decision to extend the life of the Solicitors Indemnity Fund (SIF) for a further 12
months and is pleased the SRA has heard our concerns and those of both the profession
and consumers.

However, the Law Society called on the SRA to act quickly and work with us and others to develop a viable alternative scheme to provide post six-year run off cover.
Law Society president, I. Stephanie Boyce, said: “We are pleased the SRA has heard the
many reservations expressed by us and others about the closure of the SIF and has now
removed the risk of imminent SIF closure at a time when no viable alternative is available.

“We have been raising our concerns with the SRA, the regulator for this issue, for more than three years. We are pleased they are now taking steps to find an effective solution and undertake the detailed analysis required to assess the future of post six-year cover.

“The SRA has accepted, as an important element of consumer protection, it is a problem
that it, as regulator, must solve.

“But it is not enough simply to delay closure again in the hope that next year the commercial indemnity insurance market will change and fill the gap in consumer protection that SIF closure will create. The SRA must move quickly to publish its consultation on future options and put a plan in place.”

“We urge the SRA to work hand in hand with the Law Society, the insurance industry and others to find a long-term solution to the problem of run-off indemnity cover. It needs to show imagination in looking at long-term solutions that provide proper levels of consumer protection, and that do not expose solicitors to ruinous claims or consumers to potentially lengthy and complex litigation.”

“The Law Society will continue to make the case for solicitors and their clients, and we look forward to supporting the SRA in this critical area of its work.”