Latest news

There is concern among solicitors that forcing firms to publish their costs will lead to ‘price baiting’, with some firms using artificially low prices to get clients through the door before increasing the costs later. The Solicitors Regulation Authority survey found widespread wariness about the idea of price publication.

Consumers select conveyancing solicitors mainly on recommendation, but clearer online information about price would help them make better choices, research commissioned by the Solicitors Regulation Authority has found. It also showed that 82% of consumers were very or fairly satisfied with the service they received.

A solicitor who took £1m from his client account to keep his firm afloat has been struck off by the Solicitors Disciplinary Tribunal. It said that once Ian James Douglas had decided to embark on this strategy, the “downward spiral was rapid and devastating”.

Listed law firm consolidator Gordon Dadds Group has made its second acquisition in as many weeks with a deal to buy Bristol firm Metcalfes Solicitors for an initial £2m, rising to a possible £6m. It also comes just days after Metcalfes acquired fellow generalist Bristol firm Burroughs Day from administration.

The ownership structure of law firms is “completely irrelevant” when assessing risk, a director of the Solicitors Regulation Authority said yesterday. Crispin Passmore also reaffirmed the regulator’s determination to change the approach to the minimum cover limit for professional indemnity insurance.

Lutfur Rahman’s actions in running for re-election as mayor of Tower Hamlets in London were “reprehensible, orchestrated, deliberate and dishonest”, the Solicitors Disciplinary Tribunal has ruled in striking him off. It was well known that Mr Rahman was a solicitor and “this would have had a significant detrimental impact on the reputation of the profession”.

The government has approved rule changes opening the way for fully digital conveyancing. The changes will allow digital documents with e-signatures to be used both for land transfers and land registration. Meanwhile, the Council for Licensed Conveyancers has stated its ambition to become “regulator of choice for all property lawyers”.

The Financial Reporting Council has issued the first finding from its two-and-a-half-year investigation into the accounts of Quindell, imposing discounted fines of £780,000 on former auditors who it said had failed to “exercise sufficient professional scepticism”.

The government was accused yesterday of “pulling its punches” and “shilly shallying” over introducing a ban on cold-calling for personal injury claims. The comments came after work and pensions secretary Esther McVey appeared to fudge the commitment the government had previously given in the House of Lords.

An alternative business structure set up by ex-government IT specialists has launched an online service that hopes to harness technology to simplify the conveyancing process. The co-founders of Juno Property Lawyers have worked on some of the highest-profile government IT projects and hired two senior solicitors.