In brief: PI cover available at one third SIF price

The managing partner of Williams Davies Meltzer, a firm that specialises in professional indemnity, liability claims and insurance work, has written to Law Society president Tony Girling claiming he has learned from specialist PI brokers that his firm could obtain equivalent PI cover to that offered by the Solicitors Indemnity Fund at about one third of the price. He also criticises the Law Society president for failing to disclose details of how SIF pays its panel. “My interest has been excited by anecdotal evidence that SIF pays a minimum hourly charging rate of £160 for all London solicitors, however junior.” But Elizabeth Mullins, managing director of SIF, said the anecdotal evidence was “unequivocally incorrect”.