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.
The Supreme Court has backed a law firm’s arguments that, following a breach of trust, it should have to pay in damages only the amount which the lender would have lost if the breach had not occurred.
Home Counties law firm B Legal failed in its duties to a purchaser of mortgage-backed securities, the High Court has held, in two of the four test cases it considered.
The Solicitors Disciplinary Tribunal (SDT) has struck off Nasir Ilyas, the last partner of North West firm Wolstenholmes to be disciplined for professional misconduct.
The House of Lords yesterday gave the final go-ahead for chartered legal executives and others with appropriate expertise to offer probate and conveyancing services without the supervision of solicitors.
Co-operative Legal Services (CLS) has announced that it is switching its volume conveyancing partner, from Blacks in Leeds to TCS in Cheshire. It said working with TCS “will allow us to broaden our offering for customers and members, and will increase the capacity of our service”.
More than 2,700 law firms have signed up for Lender Exchange, a website which stores information about conveyancing panel firms for mortgage lenders. However, negotiations with the Law Society over a relationship with the Conveyancing Quality Scheme have stalled.
The Law Society has invested over £5m in a new online conveyancing system, to be launched next spring, which aims to revolutionise the home-buying process.
Leading Surrey firm Mundays has been rebuked and fined £2,000 by the Solicitors Regulation Authority for using stamp duty land tax avoidance schemes which saved clients over £2.5m.
Fellows of the Chartered Institute of Legal Executors (CILEx) could be carrying out litigation without supervision by solicitors from the end of November, it has emerged.