A crowd mentality
Firms of solicitors could be achieving erroneous professional indemnity discounts by bringing inexperienced solicitors into their partnerships, says Simon Lovat, and if the market is ever to break its habit of boom and bust, underwriters must rethink how they price this PI risk
There really is no substitute for experience. A visit to the GP is always easier when you know your doctor has had a good number of years honing their bedside manner. The same can be said of lawyers
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