Illegitimate law firms increased by nearly 30% in 2014

Illegitimate law firms increased by nearly 30% in 2014

The Solicitors Regulation Authority have released their 2015/2016 Risk Outlook which makes worrying reading. In 2014 there were 701 reports of bogus firms which was an increase of 28% on 2013 and a 101% increase on 2012.

They also state that this type of fraud is UK wide with identity theft accounting for 41% of all fraud.

Searches UK are delighted to be able to assist firms by offering Lawyer Checker – Lawyer Checker allows Solicitors and Conveyancers to check the previous use of client account to which they are sending funds.

The Lawyer Checker Search has been designed to protect client monies, irrespective of the client being the lender or borrower and reduces uncertainty in identifying the legitimacy of the vendor conveyancer to enable Solicitors and Conveyancers to assess the risk associated with the transaction. Lawyer Checker allows firms to combat the increasing risk of vendor conveyancer fraud.

Be a well informed and diligent Conveyancer and protect your client’s money and assets by using a Lawyer Checker Search from Searches UK. The service will allow you to gather information on the Conveyancer/Solicitor to which you are sending money to and better assess the risk associated with the transaction. All Conveyancers and Solicitors should reassess the checks they make before they send money to organisations offering undertakings.

To find out more about Lawyer Checker please visit http://www.searchesuk.co.uk/products/lawyer-checker

Searches UK are one of the UK’s leading search providers, specialising in a full range of professional conveyancing services for both residential and commercial properties. With a team of industry professionals and efficient search agents, providing a fast, reliable, accurate and cost effective service is a priority.

To find out more about Searches UK and the services offered please visit www.searchesuk.co.uk or call 0800 043 1815

Searches UK

https://www.searchesuk.co.uk

Searches UK is one of the country's leading Conveyancing Search providers.  Founded on the idea that you can combine first-class service with accurate and reliable conveyancing searches without having to compromise, it is our goal to ensure you get the results you need quickly and efficiently. We offer the full range of conveyancing searches, for both residential and conveyancing transactions, which can be ordered along with our Buyer Protect Scheme if required, ensuring that your clients benefit from our unique reimbursement scheme and are protected from some of the associated costs, should the transaction not complete.  We also offer a wide range of title insurance and indemnity policies and can provide fast turnaround times on EPCs, AML ID checks, Asbestos Surveys and Fire Risk Assessments too. All our searches are backed with fully comprehensive PI insurance, giving you complete confidence and peace of mind. We don't use call centres, so when you choose Searches UK, you get direct dial access to one of our skilled conveyancing search specialists, who will have the knowledge and expertise to ensure you get the most accurate results possible at the best value for money. At Searches UK we understand the difficulties you face in dealing with your risk and compliance obligations and we have ourselves been applauded by Legal Eye for having extremely robust systems in place.  In July 2012 we became the first search provider to have been awarded the Legal Eye Quality Standard. As well as being an appointed representative of First Title Insurance plc, which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 202103.


Contact: Searches UK Tel: 01273 776625 Email: info@searchesuk.co.uk Address Unit 2, Gemini Business Centre, 136-140 Old Shoreham Road, Hove, East Sussex, BN3 7BD    

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