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