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Professional Indemnity & Renewals

How can you actively and positively influence your Professional Indemnity Insurance?

Professional Indemnity Insurers will respect a law firm that has implemented and sustained a robust process for managing risk and can evidence this through reporting and claims history. The Strategic Partner has a strong relationship with multiple Brokers and Professional Indemnity insurance Companies gained through working closely with them and law firms to manage and control risk, both locally and internationally. 

Find out more

For more information about our Compliance Services you can call us on 0203 911 9710 or you can email us at info@thestrategicpartner.co.uk. You can also download our Compliance and Regulation services brochure by clicking on the link below.

How we can help

We work with both the Insurers and law firms providing risk guidance and risk reviews that are used for the purpose of the insurers considering the risk and premiums and in more serious cases whether to offer renewal terms. We have offices situated in and around the United Kingdom, with our head office based in central London.

Our Professional Indemnity & Renewals Service

The demonstration of a risk aware environment that is focussed on identifying, minimising, and controlling risk is essential to maintaining positive relationships with your insurers and having a positive impact on premiums.

We provide our services to:

  • Professional Indemnity Insurers who have concerns about an insured firm and require an independent review of the firm to assess it as a risk with a full understanding of its policies and procedures, their application and effectiveness.
  • Law firms who wish to achieve more favourable renewal terms through pro-active demonstration of a risk culture in the firm which identifies, manages and controls risk presenting the firm as a good risk and through doing so providing Insurers with a persuasive report to consider premium levels.
  • Law Firms who have experienced claims, are concerned with their approach to risk or are struggling to find renewal terms. We will work with the firm to identify areas of improvement and pro-actively assist them with changes and implementation of policies to gain control over the firm and the risk management process.

Regardless of the reason for a review, we will work to ensure times scales are met and a detailed report is provided enabling Law firms and Insurers to take decisive and positive action.

We provide both packaged and individual solutions that directly add value into the firms we work with. You can download brochures on these services below:

Additional Compliance Services

For more details on each of the services we provide please click on the links below.

Codes of Conduct

Specialist services designed for law firms, to assist with all areas of regulation, inc, COLP & COFA.

Anti-Money Laundering

We will work with your firm to ensure it has a full understanding of the requirements of the AML and related legislation.

Firm and File Audits

We have the expertise to provide firm wide audits and regulation advice across all areas of the practice.

New Law Firm & ABS Applications

We assist individuals and firms with making new law firm and ABS applications for all structure types.

Risk Management

At The Strategic Partner we work with law firms to establish a robust risk management strategy that covers both insurer and regulatory obligations.

Complaint Management

Our complaint management service provides firms with an effective outsource solution that enables complaints to be addressed quickly, with impartiality and resolved in the most effective manner..

Compliance Management

Our services ensure that a firm’s compliance officers can achieve peace of mind knowing that the policies and procedures adopted by the firm ensure the firm is compliant and that it will stay compliant.

Compliance Administration

The Strategic Partners Compliance Administration Service was developed at the request of our member law firms.

SRA Investigations

If your firm expects or has received a notification of investigation or the SRA have arrived at the firm our team are available to assist you.

SRA Interventions

If your firm expects or has received a notification of investigation or the SRA have arrived at the firm our team are available to assist you

Solicitors Disciplinary Tribunal

Whether you have received notification of investigation or the investigation has been concluded and a referral to the Solicitors Disciplinary Tribunal has been made it is advisable to seek expert advice and guidance.

Professional Indemnity Renewal

We work with both the Insurers and law firms providing risk guidance and risk reviews that are used for the purpose of the insurers considering the risk and premiums and in more serious cases whether to offer renewal terms.

Office Procedures Manual

We work with firms to create and maintain their office manuals, including firms with or without Lexcel and other quality kitemarks such as CQS, WIQS and legal aid franchises.

Procedure & Documents Drafting

At the Strategic Partner we work with firms to ensure they have documentation that is bespoke to them and reflects what they do in practice.

Training & Development

The Strategic Partner have developed training which can be delivered to firms and their staff to ensure there is a full and thorough understanding of the issues that firms face when managing risk and compliance and what their role is.

Partnership & Shareholder Agreements

We can assist with drafting and agreeing new partnership and shareholder agreements, reviewing and renewing existing agreements and partner and director disputes.

Succession & Exit Plans

The Strategic Partner can work with firms to develop succession and exit plans that achieve the goals of the current partners, further develop training and mentoring of future the Partners.

Orderly Closure of Law Firms

The strategic Partner works with firms to ensure that closure is undertaken on an orderly basis and where that is simply not possible due to sudden or financial issues, we will work with the firm to minimise negative impact wherever possible.

Data Protection & GDPR

Due to the nature of how law firms operate, the management, control and protection of data is an essential element of a firm compliance and regulation strategy.

Membership

Our membership provides firms with a range of benefits, discounts, updates and interaction all focussed on bringing value to your firm.

 

We provide both packages and individual solutions that directly add value into the firms we work with.

Enquiries

For more information about our Regulation and Compliance service you can call us on 0203 911 9710 or you can email us at info@thestrategicpartner.co.uk.

Let's talk about how we can help

Get in touch - call us on 0203 911 9710 or complete the form.
Tell us what you need or ask us a question, we'd love to discuss your business.

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