CML
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Uninusured Conveyancing Firms About to be Named
Legal Futures has this morning reported that the Solicitors Regulation Authority are about publish a list of those law firms which were to have closed on 29 December because they failed to secure professional indemnity insurance. With approximately 100 firms to be closed it is reasonable to assume that many firms conducted conveyancing. The SRA…
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SRA and CML take opposing views on retention of conveyancing files
The CML has recently expressed concerns with the SRA’s proposals for shortening the retention period as they relate to property deeds and associated conveyancing files. In an effort to reduce expenses the SRA have proposed to put in place a retention period of purchase files for 7 years from date of file closure; or…