Tuesday, 3 January 2012

Renewal time for Conveyancing Quality Scheme

A year has now passed since the launch of the Law Society’s Conveyancing Quality Scheme (CQS). Just over 1000 accredited conveyancing firms across England & Wales with more in the pipeline. But has the scheme has been success for the profession in 2011?

The Law society have stated “ We have already put in place plans for CQS in 2012 and expect it to be equally, if not more successful next year”. But what constitutes success? If success is based on the number of lenders who state that being a member of CQS will protect your membership on their panel then CQS has had no success at all.

2012 is likely to see lenders further focusing on their relationships with law firms especially in light of the recent FSA guidance.

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