Cast your mind only a couple of years back into the past and consider how the vast majority of client anti-money laundering (AML) checks and ID Verifications were performed. Most law practices required clients to come into their office to present admin staff with both a copy of their ID and address. For conveyancers there was the added task of understanding a client’s source of funds, verifying their risk profile, as well as collating and analysing bank statements to satisfy the AML requirements.
Yopa, the full service, fixed-fee estate agency business, has awarded a three-year contract extension to Optimus, part of the UK’s leading land and property data business Landmark Information Group, which will see the firm continue to operate as its conveyancing panel management partner.
Tower Street Finance has launched a unique new product to help executors and personal representatives who have expenses to pay as part of their duties but don’t have the funds readily available to pay upfront costs.
One of the biggest costs for legal firms continues to be Professional Indemnity Insurance and it’s one which many are seeing rise, year-after-year. The situation isn’t new but it has now been confirmed as the hardest market for indemnity cover since demutualisation over 20 years ago* and it’s certainly taking its toll. With premium increases of between 5% and 50% being regarded as ‘typical’, how can firms manage this situation? To make matters even more challenging, some insurance companies are now seeking personal guarantees and demanding that policy excesses be paid into escrow.
In the latest Topical Talks with Title Research podcast, Dicky Davies, Business Development Director at Tower Street Finance, joins Anthony Allsopp, Head of Business at Title Research, to discuss how blended families, co-habiting couples and DIY Wills could all be contributing to the rise in inheritance disputes. More specifically, the podcast explores:
Family law specialists, Unit Chambers and Advanced, the UK’s leading Chambers Management Software provider, together announce the extension of their technology partnership for a further 3 years.
The legal sector has been slowly edging towards digitisation for decades – but the global pandemic and several national lockdowns have resulted in many firms accelerating their plans to accommodate a blend of home and office working: the hybrid-working model.
iManage achieves Level 2 Security Trust Assurance and Risk Certification from Cloud Security Alliance
Leading provider of knowledge platform excels in rigorous evaluation to attain recognition from the tech industry’s most powerful program for cloud security assurance. iManage, the company dedicated to Making Knowledge WorkTM, today announced it has achieved Cloud Security Alliance (CSA) Security Trust Assurance and Risk (STAR) Level 2 certification, a rigorous third-party independent assessment of the security of a cloud service provider (CSP).