A member of the Chartered Institute of Legal Executives who specialises in conveyancing has become the first to receive independent practice rights. A probate specialist and a legal executive who runs his own immigration firm were also granted independent rights.
The biggest conveyancing firms have benefited the most from the recession, while the number of practices involved in conveyancing has continued to fall, a survey has revealed.
Over 5,600 law firms have signed up to Lender Exchange, a website which stores information on conveyancing panel firms for mortgage lenders.
The Council for Licensed Conveyancers (CLC) has criticised “quasi-regulatory” conveyancing schemes launched by the Law Society which could be seen as “duplicating” the CLC’s work.
National Accident Helpline has today unveiled its move into the conveyancing market by spending £4.3m to buy a lead generation business specialising in the sector that owns the website of failed alternative business structure In-Deed.
A major survey of 4,500 home movers has found that only 13% chose the conveyancer offering the cheapest fee. The survey also found that people were more likely to recommend their estate agent to friends than their conveyancer.
A third law firm has been fined by the Solicitors Regulation Authority for its involvement in a stamp duty avoidance scheme operated by Inventive Tax Strategies.
The Solicitors Regulation Authority has closed down a Manchester law firm, more than four months after banning its director from conveyancing and ordering him to go on a mortgage fraud and money laundering course.
The Law Society has failed in a bid to block a High Court action against it for negligent misrepresentation, after a bogus solicitor got himself listed on the society’s Find a Solicitor website and stole money from a house purchaser.
The Solicitors Compensation Fund could be hit by a new wave of property claims after a High Court ruling on two test cases relating to a buy-to-let scheme.