Threat of closure looms for 153 law firms ahead of final PI deadline
The Solicitors Regulation Authority has revealed 153 solicitors firms have gone into the extended policy period after failing to secure professional indemnity cover.
These firms now have until 6 November to notify the SRA and their insurer of their situation and will face closure by 29 December if they fail to secure cover.
A total of 226 firms were notified by
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