Top five conveyancing firms gain most from property surge
The top five conveyancing firms handled 10% more transactions in the second quarter of this year than in the same quarter the previous year, research has shown. However, the bottom half of the top 100 have showed the fastest growth over the past four years.
Hudson replaced as Veyo chair by turnaround specialist
Des Hudson, former chief executive of the Law Society, has left his post as chair of conveyancing portal Veyo, it has been announced. His replacement, Ian Gray, is a ‘turnaround management’ specialist.
Fairpoint closes Colemans deal to become predominantly a legal services provider
Fairpoint plc’s acquisition of Colemans-ctts has formally completed, meaning legal services now accounts for 62% of the company’s revenue. The deal, first announced at the start of the month, is structured as an acquisition by Simpson Millar, the law firm Fairpoint bought last year to enter the legal market.
Bar disciplinary tribunal to rehear disbarment overturned by Court of Appeal
A long-running disciplinary case involving accusations that a barrister forged client care letters must be heard again, the Visitors to the Inns of Court have ruled. They said there was “no basis” for saying that the barrister would be deprived of a fair hearing “by reason of delay and/or any prior knowledge” of BSB witnesses.
Good news for law firms as High Court rejects insurer’s bid to cap liability for multiple claims
Solicitors’ professional indemnity insurers cannot aggregate multiple related claims when the terms of the transactions are not conditional or dependent upon each other, the High Court has decided in a ruling said to protect law firms from financial risk.
Vulnerable could lose out under new consumer credit regime, panel warns
Vulnerable people could lose out under the latest plans by the Solicitors Regulation Authority for the regulation of consumer credit work, the Legal Services Consumer Panel has warned. Meanwhile the Law Society called for greater clarity on payment of legal fees by instalments.
LSB concerned that practising fees are not falling even though SRA is spending less
The Legal Services Board has expressed concern that the cost of practising as a solicitor remains the same even though the Solicitors Regulation Authority’s budget continues to fall. In all, Chancery Lane is looking to raise £105.8m.
Potential shareholder claims hit 850 after “breathtaking” Quindell restatements
The number of potential shareholder claims against Quindell plc has hit 850 in the wake of last week’s “breathtaking” financial restatements, it has emerged. The number of potential claimants had been “increasingly fairly steadily”, but “there was a surge over the last week or so”.
Former prosecutor takes reins at Legal Ombudsman
A former Chief Crown Prosecutor has been named as the new chief executive of the Legal Ombudsman. Barrister Nick Hawkins, who spent 15 years in the Crown Prosecution Service, is currently chief operating officer for the Independent Police Complaints Commission.
BSB investigating 17 barristers at same chambers over complaints about behaviour towards pupils
The Bar Standards Board is investigating 17 barristers at the same chambers over complaints about a ‘failure to act appropriately towards pupils’, it has emerged. Its annual enforcement report also showed that nine investigations were started into barristers with drink-driving convictions in 2014/15.
