SRA indemnity report: Number of closing firms drops despite rejection of minimum cover cut Legal Business21 January 2015Legal regulation The Solicitors Regulation Authority (SRA) has confirmed 12 law firms have been forced to close for failing to secure professional indemnity insurance (PII) while the status of a further 37 has yet to be determined.Your limit of 1 article in 30 days is up. Please login for full access or subscribe. Corporate users - click here for simple access (no password needed). For more information, please contact [email protected] Related ContentMore in this category‘Bolder, pragmatic, more proactive’: Regulators bare teeth, but will they bite?‘A timely reminder’: SDT issues joint highest-ever fine in anti-money laundering crackdown‘It sits squarely in the SFO’s wheelhouse’: criminal investigation launched into Axiom Ince as regulators and ex-employees grapple with aftermathRevolving doors: Simpson Thacher, Latham, Sidley lead New Year London movesFive partners vie to succeed Hoyland as Simmons managing partner‘Seize every opportunity’ – Paul Hastings partner Reena Gogna on City law, Suits and poetryFormer Freshfields senior partner among recipients in New Year Honours ListKramer Levin’s Paris office joins Morgan Lewis amid HSF merger dealHogan Lovells joins top firms in £3.6bn Royal Mail takeover as UK govt approves bid