Meeting client expectations is at the top of every law firm's mind. In an era where online giants like Amazon can offer same-day delivery, client’s expectations for rapid, on-demand services are on the rise. This is no different in the legal sector, specifically conveyancing with clients now expecting a quicker turnaround than ever before.
This article covers how digital conveyancing and utilising technology can help law firms achieve greater efficiency and provide an enhanced client experience.
- Topic:
- Legal
Our latest update webinar focused on recent anti-money laundering (AML) developments, an update from the Solicitors Regulation Authority (SRA), and some of the key AML questions answered by the SRA on its website.
- Topic:
- Legal
As a consequence of the 2008 banking crisis, we saw many conveyancing firms dabbling in other areas of law to try and make up for the dramatic near-immediate loss of income from the property sector.
- Topic:
- Legal
Compliance with money laundering regulations requires law firms to stay informed about updates and changes, particularly regarding high-risk third countries. In this article, we emphasize the importance of carefully considering reliable sources and providing evidence in line with regulatory requirements. We discuss recent updates to the list of high-risk third countries and highlight the need for ongoing awareness and due diligence when dealing with high-risk jurisdictions.
- Topic:
- Legal
Staying updated on the latest guidance and challenges in anti-money laundering (AML) compliance is crucial for legal institutions and professionals. In this blog post, we'll summarize important topics discussed in the July 2023 AML Update with Brian Rogers and Helen Rice.
- Topic:
- Legal
Section five is the largest chapter within the Standards, and quite rightly so when you consider it covers risk management, which in effect impacts on all other parts of the Standards through the requirement for firms to have a compliance plan and risk register.
- Topic:
- Legal
Business continuity and resilience are essential considerations for all businesses, but particularly for UK conveyancers, who must ensure that they are able to continue operating in the face of potential risks and disruptions. In order to meet the requirements of the CQS Core Practice Management Standards, as well as follow the Law Society's guidance on key areas of risk, conveyancers must have a robust business continuity plan in place.
In this sector of the paper, we will explore the importance of business continuity planning and resilience for UK conveyancers, and provide practical guidance on how to develop and implement a plan that meets the requirements of the CQS and the Law Society.
- Topic:
- Legal
When working in such a high pressured and fast paced area as conveyancing, it can be easy to relegate learning and development to the bottom of the priority list. Whilst this may allow more time to focus on the job at hand, in the longer term it may prove to be a short sighted tactic with shortfalls in staff knowledge and competence leaving the firm open to a whole host of unwelcome outcomes, such as complaints, claims, increased PII premiums, regulatory focus, a failure to meet the requirements of the CQS Scheme and loss of membership on lender panels. It is also likely to impact staff retention rates as a failure to invest in an individual’s development often leads to dissatisfaction and disillusionment within their job role.
- Topic:
- Legal
Conveyancing is an ever growing area of work which constantly evolves in relation to regulatory requirements and applicable legislation, such as Money Laundering Regulations and the UK Sanctions Regime. Our team works with both SRA and CLC Regulated firms, and it has been fascinating over the years identifying the differences between the two.
- Topic:
- Legal
Avoiding getting caught up in money laundering is critical for lawyers and their firms, especially when the sanction for doing so could be as high as 14 years in prison, or what is soon likely to be an unlimited fine from the Solicitors Regulation Authority (SRA)!
- Topic:
- Legal
