Aconveyancers’ regulator is considering making it mandatory for firms to take out stand-alone insurance to cover cyber attacks. The Council for Licensed Conveyancers says cyber incidents present a ‘clear risk’ to clients and the cost of restoring systems and data to protect client interests are likely to be significant – putting firms potentially in jeopardy. Some professional indemnity insurers already require their firms to take out separate cyber insurance to cover those costs, and the CLC…
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First SQE results hit by IT glitches, data issues and delays
Candidates logging into their SQE accounts to receive their results were able to see data about other candidates – however, the exam provider for the Solicitors Regulation Authority insists no reportable breach occurred. Nearly all of the 1,090 candidates who took the first ever exam under the new route to qualifying as a solicitor were able to access their results last Thursday. Exam provider Kaplan said issues for eight candidates were resolved early Friday. Subsequently,…
Read MoreSRA moves beyond regulation to research access to justice
The Solicitors Regulation Authority is venturing into new domains by launching research into gaps in access to justice. The organisation has commissioned the study aiming to find what impact any gaps might have on different groups of consumers. The research runs until the autumn and will include an in-depth examination of how factors such as ethnicity and socio-economic status impact access to legal services. Led by Professors Irene Scopelliti and Zachary Estes from Bayes Business…
Read MoreRegulators urged to work more with legal comparison sites
The oversight regulator has urged regulators to do more to help legal comparison websites, as well as to create a central database for complaints about firms. The Legal Services Board yesterday published what it called ‘clear expectations’ for regulators to improve consumer information and drive choice in the legal services market. The work is the culmination of two years of consultation and debate since the Competition and Markets Authority inspected the sector and identified what…
Read More‘No more tolerance’ for paper-based conveyancing
The threat of another coronavirus outbreak will make people less tolerant of a paper-heavy conveyancing process, HM Land Registry has said, outlining its own digital progress. In Land Registry’s latest annual report, chair Michael Mire predicts a greater desire to make property transactions more digital over the coming year, saying conveyancing still has too many paper-based processes compared with other sectors of the economy. ‘This has been tolerated by consumers up until now but the potential…
Read MoreLeasehold reform is good news for solicitors
Earlier this month we published three final reports which set out recommendations for reform to transform the future of home ownership by improving leaseholders’ rights and flying the flag for commonhold as the preferred tenure. Recommendations to improve both the enfranchisement and right to manage (RTM) regimes will make it quicker, easier and cheaper for leaseholders to exercise their enfranchisement rights or to acquire the management functions for their building. Leasehold tenure does not work for…
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