Mortgage Lenders say 'Solicitor negligence' is biggest fraud risk to their businesses A new whitepaper report on Mortgage Fraud has revealed that the majority of lenders surveyed consider 'solicitor negligence' to be the biggest fraud risk to their business. The survey of more than 28 mortgage lenders shows that more than a third of the lenders fear 'solicitor negligence' but this can manifest in various forms and have serious consequences for the solicitor as well as the lender. Continue reading > 26. March 2014 15:20 Jordan Drury Comments (0)
Property Law; a risky business Lockton Companies have joined forces with TM Group to present Property Law; a risky business Thursday 13th February 2014 Bristol Zoo, Clifton, Bristol BS8 3HA Continue reading > 10. December 2013 13:51 Vanessa Woods Comments (0)
Property claims drive law firms' risk profiles Residential and commercial conveyancing accounts for more claims than any other work-type. Residential and commercial conveyancing work undertaken by solicitors accounts for more claims against the profession, by number and value, than any other work-type. This is not some statistical bias arising from the sheer volume of property transactions. Claims consistently account for a higher percentage of fees earned than any other practice area, by a significant margin. Lockton’s Work-type risk profile chart – which is compiled using data from a range of solicitor PI insurers – consistently places Commercial Property and Residential Property work as the two highest risk areas of practice. Continue reading > 10. December 2013 11:17 Vanessa Woods Comments (0)
