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SMDF: Some Sums

The proponents of the Law Society Council’s proposal to bail-out SMDF Limited have made much of their estimate of the cost of same per solicitor. They have settled on a figure of €200 per year, for 10 years. This figure is reached by making a series of suppositions- that claims liability will be no more than 16 million euro, that the number of solicitors in practice will stay the same over 10 years, that reinsurers will not repudiate some or […]