Inquiry into the potential for competition reforms regarding solicitors’ professional indemnity insurance
Submission Date: 15 September 2026
The Law Council of Australia provided a submission to the inquiry and assisted the inquiry by presenting the views and experiences of the national peak body for the Australian legal profession. In this role, the Law Council is well placed to comment on the approaches that best support the imperative of consumer protection, the long-term focus for the good governance of the legal profession, and international learnings and perspectives.
At the outset it is important to stress that solicitors’ law practices are unique providers of services. Solicitors are officers of the courts, owing duties to the administration of justice as well as their clients. Law firms perform a special role for their clients and the communities they serve as highly trusted and accountable legal advisors, as enablers and facilitators of legal processes, and as custodians of safe custody documents for the public and keepers of funds in trust.
This role is broader and deeper than merely being the provider of transactional services. Protection of the public, together with maintenance of the integrity of the legal profession and the justice system, are key considerations. Consequently, professional indemnity insurance is deeply embedded in legal profession regulation. This reflects a profound public interest in the provision of high-quality legal services, the sustained long-term operation of law practices, access to legal services, and the protection of consumers of legal services.
Last Updated on 08/10/2026
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