Sunday, 11 December 2016

CLC Firms Achieve Parity When it Comes to First Direct Panel

The Council for Licensed Conveyancers (CLC) has confirmed that the First Direct conveyancing panel is now open to Licensed Conveyancers on the same basis as solicitor firms that are members of CQS.

Transaction value limits are as follows:
  • Sole practitioners: up to £350,000
  • Two-partner firms: up to £2m
  • Four-partner firms: up to £3m
  • Separate legal representation is required for all cases of £3m and above.

First Direct has automatically added all CLC-regulated firms to their panel using information provided by the CLC, including the number of partners. The CLC have confirmed that they will keep First Direct informed of any change to a member firm.

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