Reading the news that Balva's licence had been suspended felt like Groundhog Day for Steve Holland, but what can the firms affected do to survive the fall-out?
The Law Society has denied rumours that it was working on its own professional indemnity scheme but conceded it was "exploring options" with the insurance market.
The suggestion by the Consumer Panel that there should be a single professional indemnity scheme for all lawyers is reasonable enough but needs further evidence to be wholly convincing, says Graham Reid