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What is the current landscape for law firms professional indemnity (PI) insurance?

Professional indemnity essentials for law firms

June 30, 2025

Jon Angell, Head of PI Legal Services – FINEX GB offers an overview on the current state of PII for law firms and how to benefit from a softening market.
Financial, Executive and Professional Risks (FINEX)
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What is the current landscape for law firms PII?

PI insurance for law firms: Jon Angell, Head of PI Legal Services — FINEX GB

Transcript for this episode

JON ANGELL: The UK PI market for law firms has stabilized, but it hasn't stood still. Rates have leveled out and indeed fallen for many firms. But underwriters are watching certain risk areas closely.

Residential conveyancing remains a hot spot, especially where volume work and tight deadlines meet rising client expectations. We're also seeing more scrutiny around regulatory investigations, managing employee well-being, and how firms manage cyber exposure, even if they're not buying standalone cyber cover.

The proliferation of firms adopting AI tools will only increase underwriting scrutiny over law firms risk management policies and procedures.

At Willis, we're helping firms benchmark their PI programs more strategically. It's not just about price, it's about knowing where your exposure sits and how well your policy responds.

The market is more stable, but insurers expect more clarity, more transparency, and more proactivity. So if you haven't reviewed your professional indemnity arrangements alongside your risk profile, now is the time.

Professional indemnity insurance for law firms contacts

Jon Angell
Head of Legal Services - PI FINEX
email Email phone +44 20 3124 6535
Dr. Joanne Cracknell
Director, Legal Services
email Email phone +44 117 976 9376
Jonathan Burt
Associate Director - PI FINEX Legal Services
email Email phone +44 207 558 9234
Jack Lowndes
Associate Director - PI FINEX Legal Services
email Email phone +44 20 3124 7797
Babbar Abbas
Senior Associate - PI FINEX Legal Services
email Email phone +44 20 3124 6035
Lindsay Woolrych
Associate Director, Claims Advocate, FINEX Global
email Email phone +44 161 833 7214
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