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Quarter of conveyancers have experienced attempted fraud, while third pay referral fees
A quarter of conveyancing firms have experienced a client attempting to commit property-related fraud or money laundering, new research has revealed. This frequency suggests that many firms “might be over-optimistic” about the likelihood of encountering similar attempts in the future
PSG Secures FSA Approval and integrates ConveySure® from CLS
PSG Financial Services Limited (PSG), the insurance arm of conveyancing search giant PSG has gained approval from the FSA to provide Insurance services.
SearchFlow launches ‘Your Area, Your Risk’ seminar programme
SearchFlow, the electronic conveyancing search provider, has announced the first ten dates of its 2013 programme of CPD seminars.
ABSs to the fore as Quindell claims 15% of PI market and Countrywide sees profits rise
Quindell Portfolio, the alternative business structure that has acquired three law firms in the past 12 months, will have “15% of the UK market for personal injury claims” this year, it has claimed. Meanwhile, another major ABS – Countrywide Conveyancing Services – has reported profits of £8m for last year, up 4% on 2011.
SRA: evidence contradicts “popular myth” that conveyancing is low-value work
The “popular myth” that conveyancing is low value is not borne out by the evidence, the Solicitors Regulation Authority has found. But property work is continuing to cause the regulator problems, with stamp duty land tax schemes and ‘right to buy’ negligence litigation firmly on its radar.
London-based Italian lawyers sanctioned over volume overseas conveyancing
The Solicitors Disciplinary Tribunal (SDT) has ruled that three Italian lawyers based in London committed a host of accounting irregularities while acting for clients in overseas property deals.
Numbers up for search supermarket ETSOS
Conveyancing search supermarket ETSOS is celebrating its third birthday with a triple whammy that underscores its continued success in what remains a tough market.
Insurance gets own aisle in search supermarket
Conveyancing search supermarket ETSOS has brought in a new product line for early 2013 with the addition of title insurance. Users now enjoy one-click access to a range of specialist products via the ETSOS ordering portal, removing the need to go into separate systems or deal with two supplier accounts.
SRA mulls making firms that want to hold client money seek permission
The Solicitors Regulation Authority giving solicitors positive permission to hold client money is one of the options it will consider as part of the review of conveyancing, it has emerged. It has also expressed concern about mortgage lenders using solicitors as an insurance policy against problems.
Frontline regulators hit back at LSB assessment of their performance
Some of the frontline regulators have hit back at the Legal Services Board’s assessment of their performance. A detailed report on the “smaller” regulators found a wide range of competence, both across the different regulators and within each of them individually.
