Comparison site and a free cuddly toy (LSG)
Comparison websites for solicitors’ indemnity would make system more efficient.
More banks admit creating ‘law firms’ to send debt letters (LSG)
Two major banks have admitted sending debt collection letters to customers purporting to be from independent firms of solicitors.
Stamp Duty cash cow is ‘frankly money we need’, says minister (EAT)
A debate on Stamp Duty ended with a Treasury minister rejecting calls for the threshold to be raised to £500,000 and for first-time buyers to be exempt.
CML publishes “manifesto” for the next Election (EAT)
The Council of Mortgage Lenders has published a manifesto aimed at the political parties in advance of the next General Election.
Personal injury to blame for Co-operative Legal Services losses (LF)
Falling revenue from personal injury work is the reason for the £5.1m lossannounced by Co-operative Legal Services (CLS) yesterday, managing director Matt Howells has said.
The Dragon’s roar: Khan investment helps Knights’ turnover soar (LF)
Turnover is up by two-thirds in the two years since James Caan invested in Staffordshire-based Knights, the firm has announced.
SRA mulls scrapping COLP/COFA regime for small firms (LF)
The Solicitors Regulation Authority (SRA) is to review whether the requirement for small law firms to have compliance officers is “overkill”, it emerged today.
Co-op Legal’s losses soar by 70% (LSG)
Losses at the Co-op’s legal subsidiary increased by 70% in the first half of this year, the parent Co-operative Group announced.
SRA hints at rethink on compliance roles (LSG)
The Solicitors Regulation Authority has hinted that it will reform its compliance officer scheme – just 20 months after the roles were introduced.
Mystery over resignation of Land Registry chief (EAT)
There is mystery over why Ed Lester, the chief executive and chief land registrar at the Land Registry, is quitting in 2015 after taking up the roles only last year.
LSB supports fee-charging McKenzie Friends – with safeguards (LF)
The Legal Services Board (LSB) said yesterday that it supports recognition of fee-charging McKenzie Friends as a “legitimate feature of the evolving legal services market”, but also called for safeguards.
First figures show MMR’s drag on the market (EAT)
The most thorough research yet into the effect of MMR on the housing market shows a significant increase in the time it takes for buyers to receive offers.