The UK regulator, the Solicitors Regulatory Authority (SRA), has warned the firms that they need to get the cover in place to comply with the rules. Dean Nelson of specialist consultancy Smith Cooper said: ' The 141 in question have a duty of care to their clients and staff to take the appropriate strategic advice with a view to maximising what asset value remains and to make alternative arrangements, if an insurer has not been found.' Source: Credit Today
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