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 →
Can a solicitor REALLY affect the outcome of a deal?
When we’re talking to agents, our favourite question is “what do think makes a good solicitor?” Most normally say “someone I can always get hold of” or “someone who can get deals through”. This presents a challenge for agents to... Read More →
It’s all about exchange. Obviously.
We spend a lot of time talking to estate agents and the most common feedback we get is that they are frustrated by how long deals are taking, the difficulty involved and fall-through rates. The actual figure for the number of... Read More →