Fewer first time buyers in December despite falling prices
The number of first time buyers (FTBs) picking up keys fell in December compared with November despite average prices coming down by 0.5%. In total there were 1,300 fewer FTBs in December, a drop of 4.7% on November as the Christmas slowdown took effect. However according to information published by Reeds Rains and YourMove the […]
Law Society sets out five year vision for Legal Services
The Law Society has published a report outlining how it sees the legal profession changing between now and 2021. The report titled “The Future of Legal Services” outlines five drivers of change: global and national economic developments; how the public and corporate clients buy services; technology and process innovation; new entrants and wider political agendas. […]
Price rises accelerate despite winter slowdown
House prices increased 1.2% from November to December according to Land Registry’s House Prices Index (HPI). This marks an acceleration from November’s month-to-month increase of 0.4%. The rise puts the average house price in England and Wales at £188,270, up 6.4% on twelve months ago. Regionally, prices in the capital rose fastest, up 2.1% and […]
Convey Law look to expand staff with 25 new trainee conveyancer openings
Specialist conveyancing firm, South Wales-based Convey Law are set to expand with openings for 25 recent law graduates and paralegals looking to become conveyancers. The Newport-based company was recently voted “one to watch” in the Sunday Times Best Companies to Work For in 2015 and also recently received the Gold Investors In People accreditation. The […]
CML lenders handbook updated
The Council of Mortgage Lenders have updated their handbook from 1st February. The update is to clause 10 of the Lenders’ Handbook is “designed to reflect the introduction of a requirement, as the result of the Mortgage Credit Directive, for mortgage customers to have a ‘reflection period’, of at least seven days before accepting a […]
Half of conveyancing firms could be using out of date software, says Redbrick
Up to half of conveyancing firms could be losing out on efficiencies by using outdated software, according to Martin MacDuff, Managing Director at Redbrick Solutions. While Redbrick software is licensed per transaction with smaller setup costs, firms who have invested large amounts in practice management software may be reluctant to spend more money on updated […]
tmgroup announce unique time-saving conveyancing portfolio tool
tmgroup have announced the launch of a unique new time-saving tool for conveyancers, specially designed for undertaking bulk orders of title information across a portfolio of properties. The unique register extract tool takes all of the addresses in a portfolio, returns the title numbers and orders the relevant Official Copies from Land Registry (LR), returning […]
tmgroup responds to The Law Society’s The Future of Legal Services report
The Law Society has predicted that law firms will be employing fewer solicitors by 2020, with the evolution & increased implementation of technology in the legal sector the driving force behind this change. This is just one of a series of predictions made by the Law Society in their new report on the future of […]
Cyber insurance & social engineering loss
Cyber security has become an increasingly important discussion point for those responsible for managing risk within legal service providers over the past twelve months. With more and more publicity surrounding the vulnerability of technology, risk averse firms are increasingly resorting to cyber liability mitigation and insurance products as a key component of their risk management […]
