In March the Solicitors Regulation Authority (SRA) published proposals on changes to make sure people get the right level of protection when using a solicitor or law firm, and in turn benefit from a more competitive marketplace and increased choice.

It is claimed that their PII proposals will give firms more flexibility to choose the right level of insurance to suit their business and clients, while their Compensation Fund proposals are designed to make sure financial support is focused on those most in need of help.