Convey Law, which claims to be one of the country’s top 10 residential conveyancing companies, has been granted ABS status by the Council for Licensed Conveyancers.
The firm’s sales and marketing director Rob Hosier told the Gazette that the firm applied to change its status because it is owned by a non-lawyer, Tracey Davies, the wife of managing director Lloyd Davies.
Hosier said that the company, registered in South Wales, also wanted flexibility to be able to change its business model and look at new areas of work.
‘We are always interested in looking at additional products, such as insurance and other financial products, although it is not something we will be looking to do within the next six months,’ he said.
Commenting on the application process, which took 18 months, Lloyd Davies (pictured) said: ‘It was important for us that we used this process to ensure that we were providing the best possible service to our clients as a result of the processes and procedures that we have in place.
‘Complete transparency was also a key success measure and we are pleased to be able to offer one of the most cost-effective and transparent legal services available in today’s conveyancing market.’
Convey Law acts for private clients as well as a range of corporate introducers of business, including estate agency chains, mortgage lenders and mortgage broker networks. It claims to operate a ‘revolutionary’ conveyancing system that involves specialist departments undertaking specific tasks throughout the process.
The CLC has now licensed 38 ABSs; the Solicitors Regulation Authority has so far licensed 166.