The oversight regulator has rubber-stamped controversial reforms allowing solicitors to work as freelancers without indemnity insurance.

The Legal Services Board considered there was no reason to refuse the SRA’s application to relax rules on solicitors working outside regulated bodies.

From November 2019, only SRA-authorised bodies and their principals will need to hold professional indemnity insurance that meets the regulator’s minimum terms and conditions. There is no requirement in the proposals for solicitors who provide unreserved legal activities to hold any PII, while solicitors providing reserved activities must take out ‘adequate and appropriate’ cover.