Why is the public paying too much for cheap conveyancing?
Pressure has been steadily mounting for more transparency and fairer pricing for the public when buying legal services. Indeed, when the Competitions and Markets Authority (CMA) investigated the legal market they found that pricing was not transparent. They have stipulated... Read More →
The Use of AI in Conveyancing
We are usually disappointed when reading any articles about the role of technology in conveyancing. This is mostly due to a chronic lack of ambition, imagination and thought. However, when it comes to artificial intelligence (AI) or machine learning in... Read More →
Five things a lawyer should not be doing!
manualIf you believe the legal trade press, the process of house buying and selling is going through momentous change. There are regular press announcements of technology that is going to simplify the conveyancing process. Sadly, the harsh reality is that... Read More →
The life of a Conveyancer…
We regularly speak to estate agents about their frustrations in dealing with lawyers with most saying they are often reactive rather than proactive and generally non-communicative. The challenge is that conveyancers are held back by a mix of paper-based systems... Read More →
Why do property law firms struggle to answer the telephone?
One of the most common complaints about property law firms is how difficult it is to speak to someone about a case. This second only to the complaints about the difficulty to speak to someone who actually knows anything about... Read More →
Using technology to protect clients against fraud
Fraudsters are constantly looking at different ways of stealing money from people who are buying or selling a property. As lawyers, we have a responsibility to help keep our clients’ money safe. Which is why we turn to technology for... Read More →
5 top tips to protect clients against fraud
When buying or selling a property, there are two key issues facing clients. The first is losing their money to fraudsters. The second, and possibly worse, is losing their property to the same fraudsters. Either way, the outcome is not... Read More →
Anti Money Laundering and Lawyer Due Diligence
According to the International Monetary Fund (IMF) in 2017 the size of the “hidden” or “black” economy in the UK was just over 6% of Gross Domestic Product (GDP) i.e. roughly £100bn. This is a massive cost to the country. ... Read More →
Fraud – law firms need to wake up to reality
Every day, conveyancing firms transfer millions of pounds to clients and lawyers… And crooks. Being an ideal target for fraudsters, most law firms are struggling to understand how to deal with this problem. A dose of reality In 2018, clients... Read More →
STP – The importance of one set of data
Anyone familiar with financial institutions will know that the introduction of “Straight Through Processing” (STP) revolutionised their business by reducing risk. It was a simple solution to a complex issue that imposed the discipline of ensuring data throughout a transaction... Read More →