- Monday, 19 May 2014
Preventing mortgage lenders from claiming on solicitors’ compulsory indemnity insurance will “destroy high street conveyancing”, Law Society chief executive Des Hudson has said, in a wide-ranging speech on the state of the profession.
Tags: conveyancing, Law Society, mortgage lenders, professional indemnity insurance, Solicitors Regulation Authority
Posted in Alternative business structures, Indemnity insurance, Latest news, Regulation, Solicitors
It will be a great pity if any policymakers are influenced by this report because it suffers from some serious flaws and misinterpretations of what is going on in England and Wales.
In the absence of full-scale office-based working, law firms and corporate legal departments will need to find new ways of ensuring collaboration and knowledge sharing among their legal professionals.