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…
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Is the Law Society looking to cash in on the Balva collapse?
Baron Rothschild famously advised investing during crises, a strategy he used after the Battle of Waterloo. Recently, the FCMC ended Balva’s operations, affecting law firms reliant on unrated insurers. The Law Society may seize this moment to create an indemnity scheme for small firms, while the SRA considers financial rating criteria for insurers amid ongoing…