lthough e-billing is playing a role in the commercial relationship between a growing number of UK/European in-house legal departments and their law firms, there are still many organisations that aren’t yet reaping the benefits of e-billing.
According to statistical analysis residential conveyancing practices are already at the sharp end of professional liability. These practices generate 26% of insurance claims, 11% more than the second largest area (Commercial, 14%). Exposure facing residential conveyancing practices is unfortunately not showing signs of diminishing, and now, hot on the heels of the widely reported Friday Afternoon Fraud, arrives another potential source of concern; ground rent.
Following the uncertainty of Brexit which led to a slow down within the legal finance recruitment market, we have seen an influx of candidates looking for work, particularly at the transactional level.