Oireachtas Joint and Select Committees
Tuesday, 18 June 2024
Joint Oireachtas Committee on Justice, Defence and Equality
Legal Services Regulatory Authority: Discussion
Michael McDowell (Independent) | Oireachtas source
That is interesting to know. On the LLPs, there is one point I wanted to ask about. Is the authority happy about the availability of professional indemnity to solicitors, in particular? I do not think there is a problem for barristers in my experience of obtaining mandatory insurance coverage. I think there are, or there were in the past at any rate, jaw dropping premiums extracted by some insurers from sole practitioners. Is the authority in any way worried that mandatory negligence insurance is preventing the development of new, small scale practices, and is driving small scale practices into mergers or retirements to avoid the cost of insurance?
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