Property
Law firm avoids tribunal referral over PEP due diligence failures
A law firm that failed to conduct proper anti-money laundering checks while acting for a politically exposed person has been fined £25,000.
Law Society research highlights its TA6 failures
The extent of the Law Society’s misjudgement in last year’s launch of the updated TA6 property information form has been laid out by research it commissioned.
Conveyancers warned over amending contracts ahead of SDLT deadline
Conveyancers have been warned over efforts to amend agreed conditions of sale to take into account the possibility of not completing before SDLT changes.
Court allows City giant to progress ex-client’s claim on assignment
A major City law firm can continue bringing a case it took on assignment from former clients which could mitigate a possible professional negligence claim.
AI will allow conveyancers “to resume role of trusted advisors”
Artificial intelligence will not mark the end of the traditional conveyancer and will instead put them back into their old trusted advisor role, a roundtable has heard.
High-profile conveyancer “transferring shares” post-disqualification
Lloyd Davies, the high-profile licensed conveyancer who has been permanently disqualified, is now in the process of transferring his shares in his firm, it has confirmed.
High-profile conveyancer disqualified for misleading 300 students
A high-profile licensed conveyancer has been thrown out of the profession for not telling 300 apprentices and students that his training academy had lost its official accreditation.
Land Registry system will reject applications with “simple” errors
HM Land Registry is to up efforts to reduce the number of requisitions it has to send to conveyancers by automatically checking for “simple errors” in applications.
Rescinding £32.5m house sale “will not change conveyancing”
The High Court has rejected the argument that its decision to order recission of a £32.5m house sale because of the presence of clothes moths will cause conveyancers problems.
Civil servant takes chair of Digital Property Market Steering Group
A senior civil servant has taken over as chair of the Digital Property Market Steering Group amid the positive response to the announcement of plans to digitise the home-buying process.
Blog
Why good governance matters when managing Law Society forms
Everyday legal transactions rely on Law Society forms. But they are often treated as static templates rather than what they really are: living documents that change over time.
A letter from the SRA? Your first reaction matters
An email from the SRA has a way of rearranging a working day. It arrives in the same inbox as everything else, often in the same measured tone, yet it carries a different weight.
Regulate sole practices on evidence, not turnover
For a sole practice, the SRA’s plan that I cannot hold a compliance role if my firm has more than £600,000 of turnover is not a measure of risk. It is a ceiling on growth.
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