SRA prepare rules on price publication for firms
The Solicitors Regulation Authority (SRA) have recently confirmed that rules regarding firms publishing price information may be revealed as soon as summer 2017.
Conveyancing home to most cyber crime
Within the legal sector, email hacking within conveyancing transactions is the most commonly occurring cyber crime.
Emerging Risks for Law Firms in 2017 Seminar
Legal Eye would like to invite Solicitors and Conveyancers to attend our free seminar which is being held at the iconic Library of Birmingham on 1st March, 2017. Our speakers include representatives from the SRA and the Law Society, will bring you up to date on the risks law firms are currently facing, and practical low cost […]
COLPs and COFAs – Know your obligations
Compliance Officers for Legal Practice (COLP) and Compliance Officers for Finance and Administration (COFA) have vital roles in the regime of outcome focused regulation of the SRA.
67k lost in conveyancing cyber theft
Within the legal sector, conveyancing tends to be the most popular area for cybercrime to occur.
Conveyancing Association announce Legal Eye as latest Affiliate members
The Conveyancing Association (CA), the leading trade body for the conveyancing industry, has today (17th January 2017) announced Legal Eye as its latest Affiliate members.
Legal Eye completes its 500th Compliance Health Check
Legal Eye, the legal compliance specialists, are delighted to announce they have completed their 500th Compliance Health Check.
Both client and conveyancer duped by fraudster to the tune of almost £98,000
Do you know who you are transferring money to? Do you know your client? When sending your client their sale proceed funds – do you really know, for sure, that you are sending the monies to your actual client? If you answered yes – then how do you verify this? Do you, in the main, […]
Legal sector work experience beneficial for would-be solicitors
Experience in a range of work-based environments can assist development of important competences for aspiring solicitors, according to research.
2016 – Lawyer Checker’s Round-Up
Whilst the rest of the world was in turmoil during 2016; the many celebrity losses and the ‘post-truth’ of Brexit and Trump, Lawyer Checker saw a phenomenal year of growth and development. The company was thrilled to enjoy some significant award wins in 2016. In July, at the Modern Law Conveyancing Awards, the hard work […]
Chambers Solicitors, Bradford – Freezing Injunction
The Solicitors Regulation Authority (SRA) has obtained a freezing injunction from the High Court as a result of concerns that money due to Chambers Solicitors, formerly of 37 Grattan Road, Bradford, West Yorkshire BD1 2LU, is being diverted to other law firms who may not be entitled to the money. This follows the SRA announcement […]
Conveyancing theft reported as biggest cybercrime problem for law firms
Figures published today by the Solicitors Regulation Authority (SRA) have shown that email hacks of conveyancing transactions are the most common cybercrime in the legal sector, with £7 million of client losses reported in the last year. Three-quarters of cybercrimes reported to the SRA in the 12 months are some form of “Friday afternoon” fraud. […]
Dishonesty claim means solicitor denied PII
A solicitor who worked in a firm involved in mortgage fraud has been told she is unable to claim indemnity insurance, despite a High Court ruling dismissing an original dishonesty claim involving referring to herself as a partner. Shirin Rahim was informed that she was prevented from making a claim against Arch Insurance Co due […]
Don’t doubt value of money laundering prevention
Due to conveyancing transactions usually being of high value as well as their ability to take place without raising suspicion, they are a favoured method of laundering money. The Solicitor’s Regulation Authority (SRA) have estimated that up to £57 billion is laundered within the UK on a yearly basis. The firms who deal with these […]
Introducing Landmark Academy
Expert portal supports lawyers in meeting SRA’s new Continuing Competence requirements
Solicitor faces fine over £2m SDLT avoidance scheme
A rebuke from the Solicitors Regulation Authority (SRA) has been accepted by a solicitor involved in conveyancing transactions that resulted in the non-payment of £2 million in stamp duty (SDLT). Kelly Buckle-Fleming was a former director at the now closed Dixon Law in Leeds, which had acted in some 47 transactions over a two-and-a-half-year period […]
Data published ahead of SRA insurance consultation
The Solicitors Regulation Authority (SRA) has published analysis of professional indemnity insurance trends for law firms. The analysis will be used to inform the development of proposals for changes to minimum cover requirements. Data was collated after initial plans to alter the minimum terms and conditions were put on hold because the Legal Services Board […]
SRA starts discussion on better information for consumers
The Solicitors Regulation Authority (SRA) has today published initial ideas for improving the information available about law firms and solicitors, which could help consumers make more informed choices and result in a more competitive legal sector. In its discussion paper, “Regulatory data and consumer choice in legal services”, the SRA explores what information it could […]
Old codes are now obsolete – ensure you are using the right code!
NCA issue revised Glossary Codes for SARs reporting
Second consultation on the SQE gets under way
The Solicitors Regulation Authority (SRA) has launched its latest consultation on a new single assessment for would-be solicitors – the Solicitors Qualifying Examination (SQE).