Seanad debates

Thursday, 19 November 2015

Legal Services Regulation Bill 2011: Committee Stage

 

10:30 am

Photo of Frances FitzgeraldFrances Fitzgerald (Dublin Mid West, Fine Gael) | Oireachtas source

I thought the Senator was going to ask about the business of the solicitors and the cost. The PII provider evaluates risk and turnover of the practice. We have consulted the market and we understand it is open, although I take the Senator's point. If there is any further information that the Senator can give us, I can certainly see if there are any implications. I understand the concerns.

Issues have been raised regarding major legal firms. One of the hopes we have with respect to limited liability is that it will support those solicitors who wish to merge smaller practices. Very often it is because of worries about liabilities that mergers do not go ahead, etc.

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