Last week (1 July) saw the introduction of the Solicitors’ Code of Conduct. After five years in the making there were few surprises; however, the code does place increased emphasis on risk management and claims avoidance.
While this adds to each firm’s administrative workload, it may also have the beneficial knock-on effect of reducing professional negligence claims, as avoidance becomes part of each firm’s conduct obligations.
But risks do not just lurk in the UK. As the recent internet gambling troubles have highlighted, the actions of professional advisers are coming under increased scrutiny in foreign jurisdictions – notably in the US.
This Professional Negligence Special Report examines the increasing risks of professional indemnity claims and the changes to business managers’ and directors’ accountability under the long-awaited Corporate Homicide Bill.