New partnerships, new pitfalls.
Changes in solicitor partnerships could lead to problems for brokers, particularly concerning the discrepancy between what is a successor or a prior practice.
September will see the first renewals of solicitors' professionalindemnity insurance since the new commercial market came into being last
year.
Brokers, insurers and solicitors are faced with potentially costly issues
concerning changes in solicitor partnerships (including mergers,
acquisitions and absorptions). Many are finding it difficult to apply key
tests to determine successor practices and prior practices - as set out in
the compulsory minimum terms and conditions of PI insurance for
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