Report this comment to a moderator

Going solo

This is the future and how to handle PI issue Ana, what an interesting way to tell your story. My business model for Azrights Solicitors, providing intellectual property and technology services, is actually based on using consultants. The economics work out much better when I use consultants who do not have their own law firms because they can charge a much lower hourly rate. So their services will be more in demand. I am convinced this is the way of the future, and anyone now starting out on their own would do well to steer clear of setting up their own law firm. Consultants need a practising certificate if they are being introduced to clients as solicitors. However, whoever said they need their own PI insurance is wrong. What they should do though is insert a clause in their contracts with law firms excluding liability except for dishonesty or fraud etc, and obtaining a waiver in respect of any deductible payable by the firm under the indemnity rules, and any tope up insurance cover and other unindemnified or uninsured losses. I am happy to provide the wording to you Ana if you want to get in touch with me at http://www.ip-brands.com/ Best of luck Shireen Smith

15-Jan-2009

12:26 pm