The Solicitors Regulation Authority has insisted that a lower minimum limit for indemnity insurance would “attract a discount in premiums” for law firms as it sought to counter widespread criticism of its plans.
Eddie Ross, chief executive of QualitySolicitors (QS) has said an investment decision by its private equity owners, Palamon Capital Partners, will enable it to “consolidate its position” as a national leader in conveyancing.
The statutory framework of the Council for Licensed Conveyancers (CLC) could be changed in a way that would potentially enable it to regulate all reserved legal activities, under plans outlined by the Legal Services Board (LSB).
The Institute of Professional Willwriters has won approval for a unique alternative business structure that will enable its members and others to access related legal services for their clients, and share in the fees generated.
Solicitors have been given another wake-up call with regards to criminal clones this month by their regulator. In its second annual risk outlook, delivered last week, bogus law firms were elevated to being one of the key risks facing the profession. How does your firm protect itself from this risk?
The Law Society has teamed up with software company Mastek UK Limited to deliver its conveyancing portal, which aims to speed up the home-buying process. The pair have set up a joint venture company called Legal Practice Technologies Ltd.
The Solicitors Regulation Authority has decided to go ahead with cutting the minimum compulsory cover for indemnity insurance from £2m to £500,000, despite strong opposition from the Law Society.
The AA – which research found recently to be the UK’s most trusted brand – has launched a conveyancing service in its first move since receiving an alternative business structure (ABS) licence in late 2013.
Having recently been involved in property transactions in different parts of England and Wales, I can speak as a consumer of legal services. After attending last week’s Legal Futures‘ conference, I also feel up to speed on the direction technology in general is moving. What strikes me is that some solicitors continue to work in a kind of parallel universe, in which ‘older’ technologies like e-mail and digital scanning have been incorporated into the conveyancing process, but the piecemeal fashion in which it has been brought in makes its acceptance seem grudging.