PI struggle felt most by SMEs
Smaller-sized law firms face a challenging market as the 1 October renewal deadline for solicitors' professional indemnity (PI) insurance draws closer.
According to Marsh, top law firms in England and Wales will experience a year of flat or small PI premium increases due to continuing competition in the market.
However, it appears that small and medium-sized firms are facing more challenging conditions.
Simon Brookes, executive director of PI at Heath Lambert, said: "We are not really seeing any
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