From boutique practices to large law firms – and even the Magic Circle! – automation is unlocking serious growth. But what does it look like in practice? Scale efficiently with automation For many firms, growing the business simply means adding more clients. But that typically means adding more work, more admin, and more strain on already […]
For conveyancers, the entire customer relationship is important. But the first ten days set the tone for every transaction. That’s why getting those early steps right is vital to your success. Why are the first ten days important? The moment a client instructs you, the countdown begins. These first ten days are the critical window […]
Anti-money laundering (AML) compliance is often treated as a chore. But in the right hands, it’s also an important way to signal trust. Conveyancing firms need to understand how to make it work as a tool for increasing their reputation. Why is good compliance important? AML compliance is important. For many firms, however, it’s just […]
Legal professionals are inadvertently facilitating money laundering. The government calls these “professional enablers” – individuals or organisations that have failed, whether by negligence or deliberate action, to do their due diligence. Conveyancing, trusts, and management of client accounts are considered the most high-risk areas for money laundering due to the large sums of money involved. Compliance […]
Your estate agent or conveyancer may have asked you to provide evidence for anti-money laundering (AML) checks. This is now a normal and necessary part of the process of buying a house. But what exactly is the danger of money laundering, and what checks must conveyancers and estate agents perform to help them meet their […]
For letting agents, tenants, and landlords, renting property is fraught with difficulty. Property owners face legal and financial risks from prospective tenants with no right to rent, while some renters find themselves forking out thousands of pounds to landlords who don’t even have legal rights over their property. To avoid these legal, financial, and reputational […]
Biometrics are biological measurements used to identify a person. This includes fingerprints, facial recognition, and retina scans, but blood type, gait, and even the way you smile can be unique identifiers. You probably encounter some of these identifiers daily simply when you’re unlocking your phone. Face and fingerprint scanning are commonplace across our devices, adding […]
Client qualification is no longer just about affordability. An increasingly risky property market demands a more thorough approach to due diligence. But technology allows firms to turn this onerous regulatory burden into a swift, smart process. How qualification has changed Traditionally, qualifying a client simply meant ensuring they had the ability to repay their fees […]
What is an anti-money laundering check? When someone buys a property, conveyancers are required to conduct an anti-money laundering check. The rules for conducting AML checks and types of companies covered by those requirements are set out in the Money Laundering Regulations 2017. Among them are conveyancers, law firms, estate agents, and others. But what […]
The UK government’s new industrial strategy promises a new approach to AML regulations, aimed at reducing the burden on small law firms and unlocking their potential for growth. In particular, it wants to see small firms adopt the very latest technology to help them thrive. What’s the new UK AML strategy? The UK government is […]
