Tag: COLP
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When AML Failures Are Just the Tip of the Iceberg
The SRA has moved to intervene in yet another multi-office firm, marking a total shutdown that serves as a sobering wake-up call for the legal sector. Operating across four counties with ten offices and 42 staff, the CQS accredited firm has been shuttered, and three solicitors have been suspended. While the solicitors themselves aren’t facing…
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Proving Conveyancing Quality to PI Insurers
In the lead-up to PI insurance renewals, Lexsure are offering firms the ability to commission a lender compliance audit which can be used to evidence to professional indemnity insurers the quality of their conveyancing. The independent assessment reviews files based on the UKF Handbook Requirements as of the date of the mortgage offer on file.…
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Will Poor Conveyancing Quality be Exposed?
If you are not going to be a good conveyancer then you better be a lucky one and hope that events don’t conspire to expose errors. I don’t fancy your odds in the long term though if you continue to make mistakes. Conveyancing errors often are allowed to happen for one of two reasons:…
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The best best bad plan that we got
I enjoyed going to the cinema last Saturday night to see a film called ARGO. This Oscar nominated film tells the based-on-true-life tale of how CIA agent Tony Mendez (Ben Affleck) extracted six American diplomats from the Canadian Embassy in Tehran. Mendez’s plan to get them out is to create cover identities for the diplomats…
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Predictions for Conveyancing in 2013
Predictions for Conveyancing in 2013 Looking back at 2012 it was quite an eventful year, although, that being said it was simply keeping apace with 2011. So what might 2013 have in store for the conveyancing fraternity? Here are my top predictions: The Law Society and CQS can look towards 2013 with a degree of…
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10 Reasons COLPs need Compliance Optimisation Technology
Whether you are a sole practitioner or a managing partner of a legal practice, you must prepare for the increased regulation, scrutiny, and oversight inherent in the new SRA regime. Law firms across England and Wales should already have begun evaluating their compliance and control systems, but this is now being brought into sharper focus…
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Why do some firms not embrace risk management?
I am in the business of risk management and talk to lots of lawyers about the changing landscape of conveyancing,COLP compliance and risk. Some firms embrace risk management and some don’t, but all see the need for it. I have asked myself the question: Why do some firms, even when they recognise the need to…