Property
Government “unlikely to mandate” ways to speed up conveyancing
The government was yesterday told repeatedly of the need to mandate conveyancers and the rest of the home-moving sector to adopt new ways of working – but the calls look set to fall on deaf ears.
SRA told to pay solicitor £75k in costs for failed prosecution
The Solicitors Regulation Authority has been slapped with a £75,000 costs order after making an “essential mistake of law” in a failed prosecution of a solicitor.
Binding offers backed by AI “could end conveyancing uncertainty”
The introduction of binding offers, backed by widespread use of artificial intelligence, holds the key to improving the conveyancing process, a leading figure has predicted.
Solicitor “cut corners” when exchanging contracts on property sale
A judge has refused to order the sale of a house after finding that the buyer’s solicitor “cut corners” and did not hold a signed contract at the point of exchange, despite claiming he did.
Law firm fined for paying proceeds of sale to third party
A law firm which failed to follow its internal processes and transferred the proceeds of a property sale to a third party has been fined for misconduct.
Conveyancers positive about mental health despite high stress levels
Conveyancers and other property professionals believe their mental health is better than it has been since before the pandemic despite high levels of stress.
Freezing order for disbarred barrister acting as McKenzie Friend
A one-time barrister disbarred in 2016 has had her assets frozen over allegations of misappropriating money from a client while acting as a McKenzie Friend.
Conveyancers want to charge more but lack confidence to do so
Most conveyancers think they should be charging clients more but only a third say they and their colleagues know how to “confidently deal” with objections to fees from clients, a report has found.
SRA to toughen up on compliance with continuing competence rules
The Solicitors Regulation Authority is to step up efforts to ensure compliance with continuing competence obligations, particularly among conveyancers and probate specialists.
Another non-legal acquisition for Gateley with £6m surveying firm
Listed law firm Gateley has increased its non-legal professional capabilities by spending £6m on an East Midlands chartered surveyors practice, while also setting up a collective actions practice.
Blog
Change in regulator shouldn’t make AML less of a priority
While SRA fines for AML have been climbing, many in the profession aren’t confident they will get any relief from the FCA, a body used to dealing with a highly regulated industry.
There are 17 million wills waiting to be written
The main reason cited by people who do not have a will was a lack of awareness as to how to arrange one. As a professional community, we seem to be failing to get our message across.
The case for a single legal services regulator: why the current system is failing
From catastrophic firm collapses to endemic compliance failures, the evidence is mounting that the current multi-regulator model is fundamentally broken.
