Oireachtas Joint and Select Committees
Wednesday, 15 January 2014
Select Committee on Justice, Defence and Equality
Legal Services Regulation Bill 2011: Committee Stage (Resumed)
12:10 pm
Pádraig Mac Lochlainn (Donegal North East, Sinn Fein) | Oireachtas source
An issue arises with regard to professional indemnity insurance. Apparently, the Minister recommended that the Law Society and others retain control over this issue. This could impact on the level and affordability of insurance. Not every solicitor is making a fortune and many of them are struggling in the current economic climate.
There is a real issue here. The Minister has undertaken to engage with the Law Society ahead of Report Stage in respect of previous matters. Is this something he could factor into his deliberations? I note he has received a submission on this issue and I think the Law Society has raised valid concerns. I reserve the right to bring amendments on Report Stage if he does not engage on these issues.
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