Some lenders are rationalising their panels on an individual basis, others on a stricter criteria based on size or volume of work.
This three-part series looks at the MLR 2017 from the perspective of small firms and provides tips on effective compliance.
This part looks at what conducting customer due diligence entails and lists the more common warning signs that might indicate suspicious activity by a client.
Part two explores the practical requirements to implement policies, controls and procedures, provide training to 'relevant employees' and comply with record keeping obligations.
Money laundering through property is a major problem, especially in London. Read about your duties and steps you can take to tackle it.
This guide will help you with your requirements to carry out written risk assessment to identify and assess the risk of money laundering your firm faces.
How to lodge an appeal with the Court of Criminal Appeal Division.
Money laundering reporting officers (MLROs) have a pivotal role to play in ensuring that a firm is compliant with anti-money laundering obligations.
Rules regarding fixtures and chattels
The approved certificate of title is given to the lender by the conveyancing solicitor to confirm statements about the property.
A new protocol designed to bring clarity to probate-related dealings between advisers and banks has been agreed.
This guidance represents the Law Society's view of good practice for employers who provide work experience to those seeking experience of a legal career.
This page explains how the transition period in the UK-EU relationship from 1 February will affect various areas of law.
The UK-EU Withdrawal Agreement provides for automatic recognition in UK law of existing EU IP rights and other IP-related protections.
Business development activities grow your firm and help it stay competitive.
Forms used for drawing up leases for business premises.
From 1 July, businesses may apply to the Office of Fair Trading (OFT) to challenge land use restrictions that limit competition against major supermarkets
The Law Society has developed tools to help you to draft documents in care proceedings following the revised public law outline, which is now being implemented on a pilot basis.
An action plan that outlines steps to help address barriers to the profession
From 30 June, Land Registry will scan, then destroy, original documents and certified copies that accompany applications to change the register.
Overview of requirements under the SRA Code and SRA Accounts Rules for keeping client money safe.
The SIF will close on 30 September 2020 so it’s important to look at other options as soon as possible.
The Council of Mortgage Lenders will publish an amendment to their Handbook regarding the introduction of the Green Deal on Monday 8 July 2013.
The Code for Completion by Post is a process to follow when a property transfer does not take place in person.
Unmarried couples may benefit from a cohabitation agreement to protect their rights. This guide looks at what these agreements can cover and issues to consider.
The High Court has ruled that the government's decision to abolish lawyers' fees for committal proceedings was lawful.
In order to prevent and resolve complaints it is important to understand what generates them. The Legal Ombudsman has published data on the type of complaints they receive.
CON29 forms are used in residential conveyancing to request information from the local authority.
This guide explains the potential conflict of interests in acting for the buyer and seller or the borrower and lender in conveyancing.
Updated version of the consent form to be used for the release of health records under the GDPR and Data Protection Act 2018.
We've produced guidance with Resolution on the preparation of draft proposals and terms following a successful outcome from mediation.
Our conveyancing protocol is a set of steps to follow when acting in residential transactions of freehold and leasehold property.
Forms for business and residential property sales.
Information about the series of events HMCTS is hosting to support the changes brought in by the HMCTS court reform programme.
This guide introduces the different levels of CDD and when these need to be carried out.
A glossary of cybersecurity terms.
We explain when the Legal Ombudsman can accept complaints from prospective clients and the steps you should take to deal with them.
The deprivation of liberty safeguards protect people who do not have the mental capacity to consent to treatment.
This short report highlights the diversity profile of solicitors.
The freedom for lawyers qualified in foreign jurisdictions to provide legal services in the UK will not change after the UK exits the EU.
Article 9.2 of the Fourth EU Money Laundering Directive empowers the European Commission to identify 'high risk third countries'
CMS Cameron McKenna uses information about equality and diversity policies and practices when evaluating competitive tenders
This guide for solicitors who deliver civil legal aid services explains when ECF may be available and how to apply.
We have recently had a discussion with officials at the Ministry of Justice about the issues arising from the new experts' fee rates.
In this toolkit 'fair recruitment' of trainee solicitors refers to eliminating the barriers people face in employment due to their social background.
HMRC has released the final version of its annual tax on enveloped dwellings (ATED) return.
The government runs a number of finance schemes that may benefit law firms. If you are looking to take out or extend a loan or for new sources of funding as an alternative business structure there are several schemes aimed at helping firms.
Resources to help solicitors understand their legal and professional duties around financial crime.
The Law Society library maintains an index of enquiries called Common Queries Database. These include results from enquiries to find forms, precedents and guidance.
The formulae for exchanging contracts by telephone are a set of steps to follow when exchanging contracts.
Forms used in freehold conveyancing
Guidance for solicitors on the data protection regime in the UK.
Our guidance can help you meet the requirements for mandatory gender pay gap reporting.
The Law Society has produced guidance that provides recommendations to firms on how to fulfil gender pay gap reporting requirements.
The general anti-abuse rule (GAAR) that came into force on 17 July 2013 applies to stamp duty land tax as well as other taxes.
This guide is for legal professionals around the world. It highlights ethical and professional concerns about money laundering and will help you comply with international legal obligations.
This advice is designed to raise solicitors' awareness of the importance of considering whether their insurer will be able to meet claims under their professional indemnity insurance (PII) policy.
Potential criminal sanctions for breaches of money laundering obligations can be seen as a useful headline to keep the attention of partners and fee earners in training.
There are significant criminal penalties under the Proceeds of Crime Act (POCA) and t he responsibility falls on your shoulders. So how can you feel comfortable in your new role?
Advice on the government's recently-launched Help to Buy scheme.
We look at what a money laundering reporting officer needs to consider before deciding that there are grounds to make a report to the Serious Organised Crime Agency.
This article gives advice on how to persuade your board and senior partners that the Proceeds of Crime Act should be taken seriously.
Resources available to you, tips on how to manage fee earners' and management's expectations, and help you avoid some of the common pitfalls for newcomers
In this month's feature, we look at how MLROs can develop effective relationships with their legal practice's accounts team.
Many MLROs still find the verification of source of funds a contentious area, with fee earners and partners often making a number of incorrect assumptions about their obligations.
HM Land Registry recommend users of their online services via the HM Land Registry portal, access them through one of the browsers they support.
HM Revenue and Customs has released new guidance on the stamp duty land tax rules for pre-completion transactions.
We are now calling on the profession to follow the Law Society's lead in challenging HSBC's panel policy.
Advice for panel firms being asked by lenders for details of client accounts, professional indemnity insurers and copies of letterheads.
The Law Society has developed a suite of templates with standard text which practitioners can adopt or adapt for use when instructing experts in family proceedings.
Our introductory guide to lawtech can help you to consider the merits of technology in your professional practice.
Our Q&A highlights areas of complexity within the regime which are not covered by the PSC Register primary and secondary legislation or guidance.
A guide for solicitors on potential fraud in land transactions and registration of title.
Guidance on a variety of HM Land Registry services.
Land transaction tax is paid to the Welsh Revenue Authority by the buyer on purchases of freehold or leasehold buildings or land in Wales.
Following royal assent of the Legal Aid, Sentencing and Punishment of Offenders (LASPO) Bill, the Legal Services Commission has published a list of FAQs about the legal aid changes, which will be implemented on 1 April 2013.
Details of the Law Society interest rate as referred to in the Standard Conditions of Sale.
New guidance issued to provide the first universal framework for banks and building societies to apply a consistent approach when helping relatives or carers who need to manage an account on behalf of another person.
Forms used in drawing up leases for residential and business properties
Read our high-level summary of the most important things you need to know about the new regime.
Legal professional privilege (LPP) protects certain confidential communications from disclosure without your client’s permission, even in court.
Legal organisations have drafted guidelines for lawyers who come up against ordinary people who find themselves in court without legal representation.
Read our update on the options and implications for practitioners following the Henthorn and Loomba appeal cases.
Details of the online system providing instant Buildmark cover information.
Your firm should have a system for managing files, including digital files. All your staff should be aware of this system.
The LAA has set up a system to help means applications for particularly vulnerable clients.
The Social Care Institute for Excellence has recently launched a new directory of Mental Capacity Act resources.
Second edition of the Law Society model planning agreement.
This guide will help you in recognising some of the most common warning signs of money laundering.
Mortgage fraud happens when criminals defraud banks or private lenders out of funds through the mortgage process.
With media reports suggesting that the housing market may slowly be picking up and banks becoming willing to lend a little bit more, do solicitors still need to be on their guard for mortgage fraud?
Land Registry has published a new practice guide setting out the requirements for statements of truth used in support of Land Registry applications
From 1 April new rules on conditional fee agreements (CFAs) come into force. We have published a new model CFA and interim advice for use in personal injury claims.
New rules on permitted development allow larger extensions to be made without planning applications and enable change of use from office to residential.
The EU has amended DAC6 to require intermediaries to report certain cross-border arrangements to tax authorities of EU member states.
Firms carrying on insurance distribution activities will need to change the way they work to adapt to the Insurance Distribution Directive.
HM Revenue and Customs (HMRC) has issued advice for those submitting SDLT1 returns
These notes have been prompted by a paper produced by the Institute of Chartered Accounts in England and Wales and the Institute of Chartered Accountants of Scotland.
The Law Society of England and Wales is introducing guidance for employers regarding notice periods for the retention of trainee solicitors.
If you do not already have an agreement with your client about who owns documents, this guidance can help.
The Court of Appeal held that 'conformity to a common (or even universal) professional practice is not an automatic defence against liability.
The Law Society is warning firms to be vigilant after it was discovered solicitors were receiving scam (phishing) emails from an account claiming to be the Law Society.
Advice on identifying and working with politically exposed persons.
This guide gives an overview of price and service transparency. You should read it alongside our practice note on price and service transparency.
The president of the Family Court issued these private law prescribed orders on 23 May 2014.
Guidance for in-house solicitors on PII.
Why you need PII and how to get it.
This toolkit is designed to give firms practical advice, tools and inspiration to improve D&I in their workforce.
Property fraud is on the rise and fraud methods change all the time. Our guide explains what you should look out for.
The proposed high speed rail link between London and the West Midlands (commonly referred to as 'HS2') has implications for practitioners working in residential conveyancing and commercial property.
The President issued the final public law prescribed orders on 23 May 2014: the case management order (CMO) and standard directions order (SDO).
An overview of the key issues firms need to be aware of
This guide explains what to take into account when identifying a deprivation of liberty in a foster care arrangement, residential home or special school.
This guide explains the factors you should take into account when identifying a deprivation of liberty in a care home setting.
This guide explains the factors you should take into account when identifying a deprivation of liberty in a home environment.
This guide explains the factors you should take into account when identifying a deprivation of liberty in a hospital setting.
This guide explains the factors you should take into account when identifying a deprivation of liberty in a psychiatric setting.
This guide explains the factors you should take into account when identifying a deprivation of liberty in a supported living setting.
We are recommending that providers of training contracts should pay their trainees £22,121 in London and £19,619 outside London.
This guide gives an overview of the main regulation and compliance issues that solicitors working in property will need to be aware of.
Royal Institution of Chartered Surveyors codes for commercial conveyancing
What is run-off cover and do you need it?
A number of categories of law will be coming out of scope of legal aid contracts in April 2013. Our article looks at the implications under professional rules of taking on cases now that are going out of scope next April.
Guidance on the applications of the UK sanctions regime and relevant pieces of legislation.
Peter Rodd, senior partner, member of the CQS technical panel and chair of the Property Section, discuses how overheads can be reduced by embracing email.
From 1 October 2014, if you file an SDLT return on paper you must enter a valid local authority code.
Common questions about alternative business structures, including who can become an ABS and details of the application process
Signings are increasingly carried out electronically. However, in some cases you should use wet ink signatures.
Initial interviews are a good opportunity to understand what your client wants and to agree the terms and conditions for providing your services.
The act has brought in new transparency provisions, regulation of employment law, and amendments to the Companies Act 2006.
Stuart Clark, associate solicitor at The International Family Law Group LLP, discusses the specialisation in the Financial Remedy Court with a proposed new form A.
The Law Society has produced a detailed briefing for members about the changes that follow the SRA's 'Looking to the Future' consultation.
The compensation fund provides compensation to people who are owed money by a regulated law firm.
This briefing is designed to provide Law Society members with information about the changes and help them consider the implications for their practises.
The SRA has issued a warning notice to anyone involved in the promotion or facilitation of schemes to avoid or reduce stamp duty land tax (SDLT)
The SRA Standards and Regulations replace the SRA Handbook from 25 November 2019. Read our guide to the changes and access resources.
Calculators to help you work out stamp duty land tax payable on sale and transfers of land or property
Disadvantaged Area Relief is is being abolished for transactions with an effective date on or after 6 April 2013.
The contract incorporating the Standard Conditions of Sale (5th edition) is designed for use in residential conveyancing transactions.
Our guidance for employers covers best practice for safeguarding and promoting the resilience and wellbeing of employees in the workplace.
This guide explains how to report suspicious activity to the National Crime Agency.
HMRC wants to change tax rules surrounding compensation amounts over £1 million. We are liaising with HMRC in order to achieve the best possible outcome for members.
The draft guidance is designed to assist those advising non-UK domiciled clients on the important tax changes introduced by the Finance (No.2) Act 2017.
Information on bidding for a contract to offer legal aid services from the Legal Aid Agency.
Richard Miller, Law Society head of legal aid, looks at some of the key questions that firms will need to consider, following royal assent of the controversial Legal Aid, Sentencing and Punishment of Offenders Bill.
Solicitors have responsibilities around equality and diversity under the Equality Act 2010 as individuals, employers and service providers.
Philip Santo, a chartered surveyor and director of Philip Santo & Co, considers some implications of the recent rush to install solar panels on the roofs of the nation's houses.
The Public Law Project (PLP), with help from the Law Society, is running a project to assist litigants with making exceptional funding applications and challenging refusals of exceptional funding where appropriate.
Key facts about the regulatory regime in England and Wales.
After making a suspicious activity report, you'll need to consider if and how you should change the way you interact with your client.
As soon as the proceeds of crime become an issue, solicitors have to think carefully about what they can tell their clients. These scenarios aim to help you understand the issues around 'tipping off'.
TA forms are used in business and residential property sales
Jo Riddick, Macfarlanes LLP’s compliance officer for legal practice and money laundering reporting officer, considers the potential impact of a register for beneficial owners of trusts.
The latest on the University College London (UCL) review of the legal services regulation.
From 1 July 2020, the International Tax Enforcement (Disclosable Arrangements) Regulations 2020 will require intermediaries involved in designing and promoting certain cross-border arrangements to report to HMRC.
There should be zero tolerance of workplace bullying and harassment in all its forms.
The decision in Royal Bank of Scotland v. Etridge on 11th October 2001 means all conveyancing lawyers should consider carefully their procedures when a third party provides security for another person's borrowing.
Stephen Jewell, of HM Revenue and Customs, explains the importance of quoting the correct reference number and bank details when paying Stamp Duty Land Tax (SDLT).
This guidance is for law firms that frequently make decisions about whether items may be treated as disbursements for VAT purposes.
This guide is for all practitioners who may come into contact with victims of modern slavery.
Solicitors' firms have reported the receipt of email messages that purport to be from Solicitors from Hell.net.
Information about extending your PII policy.
After the public spat between the Bar Standards Board and the Solicitors Regulation Authority at the beginning of the month, peace seems to have broken out.
We answer some of the key questions around legal professional privilege.
The UK's departure from the EU has been postponed to 31 October 2019. Our advice summarises what this means for UK solicitors.
All employers have a duty of care to protect staff from unlawful discrimination in whatever form it may take.
Free and confidential support and advice for Law Society members and employees of law firms. Call us on 020 7320 5675.
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