Recent headlines from Westminster offer a familiar lesson in organisational risk: when the outcome is decided first, process becomes a formality. Vetting is completed after the event, with the outcome already reached. Governance and compliance become performative rather than protective. For law firms, this could sound uncomfortably familiar. In professional service firms (PSFs), process is […]
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What emerging challenges are surfacing within the legal sector?
The current softening within the professional indemnity (PI) market continues at quite a pace. Such rate decreases mean we are rapidly approaching the rating adequacy levels of 2017 when PI was very much under the spotlight for its poor performance — a time when we experienced a significant but short-lived hardening of the market. However, […]