The top five conveyancing firms handled 10% more transactions in the second quarter of this year than in the same quarter the previous year, research has shown. However, the bottom half of the top 100 have showed the fastest growth over the past four years.
Des Hudson, former chief executive of the Law Society, has left his post as chair of conveyancing portal Veyo, it has been announced. His replacement, Ian Gray, is a ‘turnaround management’ specialist.
Fairpoint Group has bought volume personal injury and conveyancing firm Colemans-ctts for £9m, plus a further £7m, linked to performance. The purchase brings Fairpoint’s income from consumer legal services to 62%.
Richard Barnett, former chair of the Law Society’s land law and conveyancing committee, has told Legal Futures that he is “very surprised” at the decision by the Solicitors Disciplinary Tribunal (SDT) earlier this week that he should be struck off.
A law firm with offices in Italy and England was under a duty to warn British and Irish property investors of the risks of investing in a part of Italy associated with organised crime, the High Court has ruled.
The Solicitors Disciplinary Tribunal has allowed a solicitor to continue to practise despite the fact he used “his incompetence as a shield” against the lack of integrity that was alleged, after he unwittingly facilitated a mortgage fraud that cost his lender client £744,000.
The top five conveyancing firms handled 36% fewer transactions in the first quarter of this year, a report has found, and their market share dropped from 8% to 6%. On average, firms handled 14% fewer transactions and the number of firms also fell.
The chief executive of Britain’s biggest conveyancing firm, myhomemove, has predicted that Veyo, the online portal launched yesterday by the Law Society and Mastek, “will fail”. Doug Crawford was unveiling a new version of myhomemove’s eWay.
Veyo, the online conveyancing portal developed by the Law Society and IT giant Mastek, went live today with around 80 law firms taking part in the first phase. A much larger group of 1,800 firms which expressed an interest in the system will be able to join shortly.
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.