Howden Quarterly Premium Matters

Posted on29 August 2023

Have you heard the good news? Howden has recently launched its new Professional Indemnity facility for solicitors underwritten by selected ‘A’ rated Lloyd’s of London insurers.

Click here for more information on this.

Having launched our new facility, we thought this was an opportune time to lead this edition of Premium Matters with an article reflecting on the open market solution for solicitors PII, that has now been in place for 23 years. And with the 1 October PII renewal just around the corner we have also included a pre-renewal checklist to help you along.

The Building Safety Act 2022 continues to attract attention and is proving challenging for property lawyers. On 6 September Howden is hosting a webinar with Ian Quayle who is a leading expert on this issue. We set the scene with an article from Ian in this edition of Premium Matters.

Here is a link to register for the seminar in case you have missed this.

AI is another issue in the headlines and a further guest article from Jonathan Blair of Womble Bond Dickinson provides some reassurance on this and counsels firms not to panic.

If your firm undertakes unbundled legal services, or you have this on your agenda, then you might be interested in our summary of the results of the SRA pilot.

And finally we invite you to read the cyber report that has been published by the Cyber team here at Howden.

At Howden we understand the importance of keeping law firms informed on the issues relating to PII, risk and legal practice.

Open Market for Solicitors' PII is Standing the Test of Time

Checklist for your 1 October PII Renewal

Property Lawyers and the Building Safety Act 2022

Have a Plan, Pay Attention to AI but Don't Panic

SRA Pilot on Unbundled Legal Services - The Results

Howden Cyber Report: Coming of Age

If you would like to discuss the issues raised in any of our content, please contact me today.

Kind regards

Matthew Baker

matthew.baker@howdengroup.com
+44 (0)7761 516 514

Burges Salmon has been an enthusiastic supporter of BLS for many years. BLS provides a valuable role in uniting and promoting the whole of the legal sector across Bristol to benefit both its members and the city. It facilitates collaboration across the sector to ensure that we can all make a difference. Whether that is driving important initiatives in, for example, Equality, Diversity and Inclusion and the use of new technologies, liaising with stakeholders and charities in our wider community or providing training to generations of lawyers, the service and support provided by BLS is invaluable. More recently BLS has taken a lead on promoting Bristol’s legal brand, encouraging legal and business services talent to come to the city, which in turn attracts clients and inward investment to our thriving and vibrant commercial community. BLS breaks down barriers and brings those in the profession together for the greater good. We are proud of our long-standing association with BLS.
Roger Bull - Managing Partner, Burges Salmon
Three things to say about my experience of working with Bristol Law Society. Their central team, council members and general hangers-on are just about the nicest, most generous group of people working in the legal sector today. The numerous events, awards, socials and conferences I’ve had the pleasure to attend over the years have been, without exception, top quality and supremely organised. And, thirdly, they consistently exceed and challenge the boundaries of what lawyers might assume a regional Law Society will restrict activities to – from a hugely successful charitable school meals drive to corporate social responsibility and diversity campaigns to being joint architects and coordinators of the region’s unique Bristol+BathLegalTech group, which it has been my privilege to co-chair for the last five years.
Chris Bull - Principal, Edge International
As one of the leading Insurance brokers for law firms in the UK and with a large presence in Bristol it seemed only natural for us to support the Bristol Law Society. Bristol Law Society is one of the oldest and most vibrant of the Law Societies in England and Wales. We are pleased to be working with them on important matters relating to law firms’ liability insurances and Risk Management. From Sole Practitioner to Top 20 law firms we are sure our two organisations can provide excellent support and assistance for the challenges faced by the legal profession.
Matthew Baker - Financial Lines Group, Howden Insurance Brokers Ltd
Joining BLS in 2013 and becoming President in 2018/19 has created many longstanding friendships and business relationships, whilst also unlocking doors to other opportunities in the City. BLS enabled a perfect balance of professional development and also opportunities to give back to the legal and wider community. I am pleased that my Firm has supported BLS in many capacities since 2013 and continues to do so.
Nicholas Lee- Managing Director of Paragon Costs Solutions and Past President of BLS

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