JOB TITLE: Professional Indemnity Lawyer
Location: London
Salary: Very Competitive
Ref: AR2309
Key information:
This is a fantastic opportunity to join the team managing professional indemnity matters across their network. While the primary focus will be on PI, there will also be opportunities to be involved in broader legal and regulatory risk management aspects, given the interconnected nature of these areas.
The successful candidate will primarily support the Professional Indemnity Partners, as well as the General Counsel or Head of Legal & Regulatory. Responsibilities will include:
- Conducting initial reviews and analysis of professional indemnity matters and providing reports to the PI partners and/or General Counsel on the merits.
- Notifying new circumstances and claims to the firm’s insurers and brokers, and maintaining ongoing communication regarding claims reporting.
- Assessing insurance coverage issues, providing advice to the firm, and liaising with brokers and insurers as needed.
- Addressing related professional conduct obligations and collaborating with the COLP (Compliance Officer for Legal Practice) and General Counsel on such matters.
- Recommending appropriate claims and costs reserves when necessary.
- Assisting with the management and resolution of circumstances/claims, and liaising with panel solicitors when required.
- Maintaining the firm’s internal claims bordereaux (register or summary).
- Supporting the management and resolution of client complaints.
- Assisting with the firm’s PI renewal process, including attending meetings with insurers and brokers, and preparing proposal information.
- Identifying and monitoring key trends, conducting root cause analysis, and suggesting improvements to approaches and processes.
- Monitoring emerging claims risks both internally and externally.
- Providing training to fee earners and business services regarding PI risks.
- Staying up to date with current legal and regulatory risk guidance, consultations, and best practices, including those issued by the SRA (Solicitors Regulation Authority), the Law Society, and relevant jurisdictions, and ensuring fee earners and staff are informed of significant changes.
For further information on this opportunity and other similar roles in the region please contact Arron Rampling at RAMPLING CLARKE in the first instance to arrange a confidential discussion.
Arron.rampling@ramplingclarke.co.uk / 0203 987 8018
At RAMPLING CLARKE our consultants can talk you through the role and caseload, available working patterns, the firm and their culture, salaries and benefits as well as the reason for recruiting and any future plans.
The team at RAMPLING CLARKE are currently working a mix of office and remote working and can be reached outside of office hours.