The Law Society have now reported that over 700 firms have now applied to join the Conveyancing Quality Scheme and have said that it is still possible for conveyancing firms to apply. At the end of April the Society will start their marketing campaign in support of CQS, following which firms should expect lenders and consumer clients to ask whether their firm is accredited under the CQS.
The CML are supporting CQS as a credible means of improving lender and client confidence and a way of driving up standards.
Michael Coogan, Director General of CML, has said:
"The CML has been working closely with the Law Society as it develops the CQS to ensure conveyancing standards are improved for consumers and lenders alike.
We are encouraged by the initial interest from solicitor firms who have already applied to the scheme. We urge conveyancing firms to join the scheme, and to do so quickly so that their business is not adversely affected.
Any conveyancing firm which wants to continue to act on behalf of lenders should expect the CQS to become an important new criterion for panel management, and expect to be asked by their clients whether their firm has been accredited.”
Michael also tweeted yesterday: “Issued a joint release with the Law Society on its conveyancing scheme. The clock is ticking before major change http://tinyurl.com/3tsux44” What does Michael mean by ‘major change’ and how could these changes affect your firm?
Today’s Conveyancer, bringing you the latest conveyancing news and updates.
