SRA releases new sanctions questionnaire
The Solicitors Regulation Authority (SRA) has released a new questionnaire compelling law firms to report on their firm’s approach to financial sanctions. The assessment should outline how the firm is ensuring compliance with the current financial sanctions regime. The window for responses is 2nd – 31st May 2023. Below is the SRA’s guidance related to […]
How to give an M&A deal the best possible chance of success
As more and more law firms look to merge, acquire departments, or downscale, a robust approach to planning and mitigating risk is critical. Not least because, without adequate due diligence (DD), the hopes and ambitions of those involved in any merger or acquisition can be shattered. Deals fail due to many reasons, including cultural differences, […]
Law Society confirms conveyancers’ duty to advise on climate legal risks in transactions
The Law Society of England and Wales has confirmed conveyancing solicitors’ overall duty to advise on climate legal risks when acting in transactions – though solicitors have been told they “should not advise on climate change physical risks where it is outside their knowledge or qualification”. The much-anticipated guidance follows a period of dispute and […]
Mortgage lending transactions down 7% amidst interest rate rises
New analysis of Bank of England data has found the number of property transactions backed by a lender is down over 7% amidst several successive interest rate rises. Specifically, the figures show that in the 15 months prior to this first interest rate rise, a total of 1.855m mortgage transactions completed via monetary financial institutions […]
