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 Financial Services Limited (PSG), the insurance arm of conveyancing search giant PSG has gained approval from the FSA to provide Insurance services.
SearchFlow, the electronic conveyancing search provider, has announced the first ten dates of its 2013 programme of CPD seminars.
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.
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.
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.
Conveyancing search supermarket ETSOS is celebrating its third birthday with a triple whammy that underscores its continued success in what remains a tough market.
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.
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.
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.