In brief: Council member demands end of SIF

A motion by veteran council member John Franks calling on the Law Society to explore the possibility of abolishing the Solicitors Indemnity Fund is to be put before this Thursday's Law Society Council meeting. In a letter circulated to council members before the meeting, Franks argues that the Law Society should abolish the fund and require firms to seek insurance on the open market. “If conveyancing as now operated is uninsurable in the commercial market, the Law Society cannot be expected to continue the mutual insurance system,” he says. Franks wants a working party to consider his proposal in time for the society's AGM when a vote securing the SIF's abolition could be held.