Property
Solicitor had clients pay fees into personal bank account
A solicitor has been struck off for telling clients to pay small sums of money into his personal account – but, very unusually, his identity has been kept secret.
Strike-off for partner who asked seller’s firm to backdate completion
A conveyancing partner who asked the seller’s solicitor if he could backdate completion by a day to save his client stamp duty land tax has been struck off.
City firm partner fined for unwitting role in property fraud
A property partner who failed to undertake proper anti-money laundering checks on a client involved in a “substantial fraud” has been fined £27,500.
SRA imposes control order on CILEX lawyer who misled lender client
A CILEX lawyer who misled her lender client so as to complete a residential property transaction has been made subject to a control order by the SRA.
Law firm fights off summary judgment in property fraud claim
A judge has refused a lender’s application for summary judgment against a law firm in a case involving an “imposter who appears to have fraudulently deceived” both of them.
Law firm found negligent over property development agreements
A well-known Shropshire law firm was negligent in the order agreements for a property development joint venture were signed, allowing one side to pull out, the High Court has found.
Tribunal halves law firm’s fees on HS2 house sale
A tribunal has more than halved the fees charged by a leading law firm for advice on the forced sale of a property affected by HS2.
Fine for conveyancer who acted for lenders and himself
A solicitor who acted for lenders in conveyancing transactions without telling them he was also acting for himself and family members has been fined £12,500.
Conveyancers spend nearly half their time chasing people
Conveyancers spend approaching half of their working day chasing other stakeholders or being chased by them, a report has found.
Simple errors in Land Registry applications cost conveyancers £19m
Conveyancers’ failures to get names right in applications to HM Land Registry is costing them up to £3.6m a year in fee-earner time to correct, the agency has estimated.
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.
