CLC cuts regulatory fee rates, reports on a successful PII round
The CLC, the specialist property law regulator has today confirmed that it will reduce regulatory fees rates for firms by 20% with effect from 1st November 2016. The announcement follows a consultation on the proposed reduced rates and a formal decision by the governing Council. The proposals will now be passed to the Legal Services […]
New apprenticeships in law planned for Wales
Aspiring lawyers in Wales will soon have a new way to begin their careers as apprenticeships in conveyancing and probate are due to go live in early 2017. Three qualifications will be on offer. The first two lead to recognition by the CLC as a Conveyancing Technician or a Probate Technician. It’s a great start […]
Specialist property law regulator seeks new Council members
The CLC has announced that it is looking for new members of its governing Council to fill roles that will soon become vacant as members come to the end of their maximum terms. The majority of the new roles will begin in April 2017. There are vacancies for two lay (non-lawyer) members and three lawyer […]
LSB signs off on CLC new indemnity insurance framework
The Council for Licensed Conveyancers new indemnity insurance plans have been approved by the Legal Services Board. The new open market approach will see cover capped at £2 million in aggregate over six years per firm. Firms will be able to apply for cover under the new system from the beginning of next month with […]
CLC applies to LSB for approval of new run-off cover regime
The Council for Licensed Conveyancers has written to the Legal Services Board for approval of it’s new public indemnity insurance plan. It follows the end of the consultation on the matter, with the CLC’s proposals supported by responses from both CLC and SRA practices. The new regime will be capped at £2 million per firm. […]
Legal Services Board calls for increased transparency in regulatory review
The Council for Licensed Conveyancers and the Solicitors Regulation Authority were amongst the regulators audited by the Legal Services Board, who published their regulatory review this week. The LSB states both organisations have made progress against last year’s report. However according to the LSB, the CLC is one organisation that needs to improve transparency in […]
CLC opens up consultation on Professional Indemnity Insurance for members
The Council for Licensed Conveyancers has opened up a consultation on professional indemnity insurance which they say will help firms switch regulators. If enacted the proposals will enable firms to find PII on a completely open market with providers signing up to minimum terms and conditions set out in a Participating Insurers Agreement. Another proposed […]