Beyond the premium: what PII renewals reveal about a firm’s risk management
Professional indemnity insurance (PII) renewal is often treated as an annual pricing exercise. But it is also an opportunity for law firms to demonstrate how effectively they identify, manage and mitigate risk. For insurers, claims history and premium are not the whole picture. A persuasive renewal submission should also show how risk is managed throughout […]
The challenges facing conveyancing – and how we can improve the process
Sarah Avern, head of legal practice at Convey Law, shares her thoughts on the conveyancing state of play and suggests a practical way forward. Having worked in residential conveyancing for more than 25 years, I have seen enormous change in the profession. Technology has transformed the way we work, regulatory requirements have increased significantly, […]
AI-generated correspondence ‘adding new layer of complexity’ to conveyancing
AI-generated correspondence could unintentionally be slowing down the home buying process, a conveyancing firm warns. RG Law says artificial intelligence is now adding “a new layer of complexity” to conveyancing, with homebuyers using tools to generate lengthy complaints and questions without the full context of their transaction. This follows the latest complaints data released by […]
Conveyancing causes more stress than property chains, home buyers claim
A survey has found that 42% of recent home buyers say conveyancing is the biggest barrier to a smooth property transaction, compared with just 19% who point to property chains. The research carried out by property law firm Lyons Bowe asked 1,000 recent home buyers which aspects of the transaction process had presented the biggest […]