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Regulatory requirements

Regulation Last updated:

See the essential regulation steps to take when you are opening your own firm.

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What you need to do

To commence practising on your own behalf you must;

  • hold a valid practising certificate;
  • have professional indemnity insurance from a qualified insurer. For lists of insurers and brokers, along with other information and PII updates, see PII;
  • complete and return the commencement in practice form;
  • ensure that your insurer or broker confirms your PII cover;
  • provide the Law Society with a reporting accountant's report (hyperlink to section 6) no later than five months after your accounting date in each practice year, or within such further period as the Society may in writing permit and
  • provide the Law Society with a copy of your headed notepaper, which should be in accordance with the Solicitors (Practice, Conduct and Discipline) Regulations (S.I 178 of 1996).