One in five law firms targeted by scammers in past year, Law Society research reveals (LF)
More than one in five law firms (22%) have been targeted by scammers in the past year, research for the Law Society has revealed. Money was successfully stolen from client […]
Law Society queries guidance on complaint signposting (LSG)
The Law Society has questioned what evidence there is to show solicitors are not telling clients about their right to complain.
‘Don’t wait to innovate,’ SRA tells in-house solicitors (LSG)
In-house solicitors could benefit from greater regulatory flexibility ahead of the Solicitors Regulation Authority’s much-anticipated new era of simplified regulation.
Conveyancing initiatives put the emphasis on modernisation (EAT)
Two initiatives appear to show efforts by the conveyancing industry to make its house transaction processes quicker and more appropriate to the 21st century.
Growing ‘CEO fraud’ cybercrime “presents risk to law firms” (LF)
Law firms need to guard against the type of cybercrime called ‘CEO fraud’, which has netted criminals millions of pounds, according to the Solicitors Regulation Authority.
Susskind: ‘You have five years to reinvent the legal profession’ (LSG)
The legal profession has until early next decade to prepare for massive technological advances that will reshape the industry, according to a renowned legal futurologist.
Law Society AGM
The Annual General Meeting of members of the Law Society will be held at the Society’s Hall on Thursday, 14 July 2016, at 2.30 p.m
Property sellers warned not to email solicitors: ‘We lost £204,000’
People buying or selling properties should avoid communicating with their solicitors and conveyancers by email, experts warn, as the wave of “Friday afternoon fraud” – where criminals hack into email […]
Couple lose £204,390 after fraudsters fake email from conveyancers (TC)
A couple has lost their future home and more than £200,000 to fraudsters after receiving an email claiming to offer new bank account details for their conveyancer.
Money laundering reforms “would make SARs regime risk based” (LF)
The government has pledged radical reform of the suspicious activity reports (SARs) regime and its replacement with an intelligence-led, risk-based focus.
Partner sanctioned for not reporting firm’s financial problems (LF)
A solicitor has avoided an appearance before the Solicitors Disciplinary Tribunal after accepting a rebuke for failing to report his firm’s “serious financial difficulties”.
Dodgy home buyers will have to explain how they got their wealth (PIE)
Home Secretary Theresa May is to consult on new ‘unexplained wealth’ orders, which would give extra responsibilities to estate agents and lawyers.