Annual Statistics Report
Legal Futures, Law360 (£) and Company Insight report on our Annual Statistics Report 2021, which was published yesterday.
Law Society president I. Stephanie Boyce said: “As an in-house lawyer myself, it is encouraging to see solicitors employed in-house by organisations, ranging from FTSE and private companies to local authorities, now make up a quarter of the profession.
“It is also encouraging to see the number of women working in the profession and people from a Black, Asian and minority ethnic background.
“There is, however, more work to be done in increasing representation of those from Black, Asian and minority ethnic, and low socio-economic backgrounds, as well as increasing the number of women in the higher echelons of the profession.”
Read our press release
Solicitors Indemnity Fund
The New Law Journal covers our reaction to the Solicitors Regulation Authority (SRA) announcement that the Solicitors Indemnity Fund (SIF) will be replaced with its own indemnity arrangements from September 2023.
Law Society president I. Stephanie Boyce said: “We are pleased the SRA has decided to maintain consumer protection for post six year run off cover (PSYROC) with the same level of cover as the SIF via its own indemnity fund.”
Read our press release
Online safety
Steve Kuncewicz, a Law Society Council member, spoke to LBC (from 02:07:37) about the Online Safety Bill, in light of the inquest into the death of teenager Molly Russell.
King Charles inheritance tax
Kieran Bowe, a member of our wills and equity committee, spoke with Sangita Myska from LBC (from 1:36:55) about why King Charles won’t have to pay inheritance tax on his inheritance from the Queen.
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