Growing ‘CEO fraud’ cybercrime “presents risk to law firms” (LF)
Law firms need to guard against the type of cybercrime called ‘CEO fraud’, which has netted criminals millions of pounds, according to the Solicitors Regulation Authority.
Susskind: ‘You have five years to reinvent the legal profession’ (LSG)
The legal profession has until early next decade to prepare for massive technological advances that will reshape the industry, according to a renowned legal futurologist.
Law Society AGM
The Annual General Meeting of members of the Law Society will be held at the Society’s Hall on Thursday, 14 July 2016, at 2.30 p.m
Property sellers warned not to email solicitors: ‘We lost £204,000’
People buying or selling properties should avoid communicating with their solicitors and conveyancers by email, experts warn, as the wave of “Friday afternoon fraud” – where criminals hack into email […]
Couple lose £204,390 after fraudsters fake email from conveyancers (TC)
A couple has lost their future home and more than £200,000 to fraudsters after receiving an email claiming to offer new bank account details for their conveyancer.
Money laundering reforms “would make SARs regime risk based” (LF)
The government has pledged radical reform of the suspicious activity reports (SARs) regime and its replacement with an intelligence-led, risk-based focus.
Partner sanctioned for not reporting firm’s financial problems (LF)
A solicitor has avoided an appearance before the Solicitors Disciplinary Tribunal after accepting a rebuke for failing to report his firm’s “serious financial difficulties”.
Dodgy home buyers will have to explain how they got their wealth (PIE)
Home Secretary Theresa May is to consult on new ‘unexplained wealth’ orders, which would give extra responsibilities to estate agents and lawyers.
Insurance change would increase flexibility for law firms
The SRA has proposed a change to its Participating Insurers Agreement to make it is easier for firms to switch their regulator and improve competition in the market.
SRA consults on costs for firms switching regulators (LSG)
The Solicitors Regulation Authority is proposing to ease law firms’ insurance obligations should they wish to change regulators.
Property transaction charges catch out first time buyers, claims survey (EAT)
A new survey suggests that it is the other fees associated with moving house – not estate agents’ charges – that come as the biggest and least welcome surprise to […]
Is there a Roman Villa under your client’s garden? (TC)
A rug designer in Wiltshire stumbled upon a hugely significant Roman archaeological find while having a barn on his property converted for his children.