“It is a real issue,” said one U.K. managing partner, reflecting on another year of bruising rise in law firms’ professional indemnity insurance premiums.
On top of the financial uncertainty wrought by the pandemic, top law firms are bracing themselves for a rise in their professional indemnity premiums of around 20%, according to multiple people both within law firm management, risk and in insurance brokerage firms.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
