Oireachtas Joint and Select Committees

Tuesday, 18 June 2024

Joint Oireachtas Committee on Justice, Defence and Equality

Legal Services Regulatory Authority: Discussion

Photo of Michael McDowellMichael 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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