FOCUS OF THE DAY: Barrister-owned entities will need to have at least £500,000 indemnity cover per claim, the Bar Standards Board (BSB) has confirmed. The minimum terms apply to all BSB-regulated entities. Entities are businesses owned and managed by lawyers, which concentrate on activities such as advocacy, client representation in court and giving specialist advice. The BSB, which is due to start regulating entities next month, has received more than 75 expressions of interest and 16 completed applications so far. Providing confirmation about the necessary insurance arrangements is expected to encourage further interest. Full story - New Law Journal
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| Saturday Conversations on Law |
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