Law Society Conveyancing Protocol

The Law Society Conveyancing Protocol is a set of guidelines and procedures for conveyancing transactions of freehold and leasehold residential property. It is designed to assist solicitors in communicating with parties, meeting legal and regulatory requirements, agreeing on timescales, adopting a safer, efficient, and transparent process, and maintaining high standards of conveyancing. Compliance with the Protocol is mandatory for any firm accredited under the Conveyancing Quality Scheme.

\n Format: Paperback / softback
\n Length: 208 pages
\n Publication date: 18 September 2019
\n Publisher: The Law Society
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The Law Society Conveyancing Protocol is a comprehensive set of guidelines and best practices that the Law Society has developed to ensure efficient and transparent conveyancing transactions for freehold and leasehold residential properties. This revised and updated version of the Protocol represents the Society's preferred practice and aims to assist solicitors in navigating the complex legal and regulatory requirements of conveyancing.

The Protocol is divided into several sections, each covering different aspects of the conveyancing process. These sections include:

Communication with Parties: The Protocol emphasizes the importance of effective communication between solicitors, clients, and other parties involved in the transaction. It provides guidance on how to exchange information, address concerns, and negotiate terms effectively.

Legal and Regulatory Requirements: Solicitors are required to comply with a wide range of legal and regulatory requirements when handling conveyancing transactions. The Protocol provides detailed guidance on these requirements, including the preparation of legal documents, the registration of properties, and the payment of taxes.

Timescales and Delays: The Protocol aims to reduce delays and ensure that conveyancing transactions are completed within agreed-upon timescales. It provides guidance on setting realistic expectations, managing workload, and avoiding unnecessary delays.

Safer, Efficient, and Transparent Process: The Protocol promotes a safer, more efficient, and transparent conveyancing process. It encourages solicitors to adopt technology, use standardized forms, and provide regular updates to clients to ensure transparency and accountability.

Common Approach: The Protocol promotes a common approach to conveyancing transactions by encouraging solicitors to work together and share information. This helps to streamline the process, reduce duplication, and improve efficiency.

Maintaining High Standards of Conveyancing: The Protocol emphasizes the importance of maintaining high standards of conveyancing throughout the transaction. It provides guidance on professional conduct, ethical considerations, and the duty to act in the best interests of clients.

Compliance with the Protocol is mandatory for any firm accredited under the Conveyancing Quality Scheme. The Protocol provides a comprehensive set of forms, guidance, and formulae that solicitors must use when adopting the Protocol. It also includes relevant new and updated Law Society Practice Notes and SRA Warning Notices to ensure that solicitors are up-to-date with the latest developments in conveyancing.

In conclusion, the Law Society Conveyancing Protocol is a valuable resource for solicitors who handle conveyancing transactions. It provides a clear and comprehensive set of guidelines and best practices that aim to improve the efficiency, transparency, and safety of conveyancing processes. Compliance with the Protocol is mandatory for firms accredited under the Conveyancing Quality Scheme, and it is essential for solicitors to ensure that they are up-to-date with the latest developments in conveyancing to provide their clients with the best possible service.

\n Weight: 324g\n
Dimension: 157 x 233 x 18 (mm)\n
ISBN-13: 9781784461256\n
Edition number: 6 ed\n