The article considers the impact of a competition law ruling against the Law Society of England and Wales.
The Law Society was found to have breached UK competition law rules in relation to its provision of anti-money laundering and mortgage fraud training courses to law firms. The Law Society made it a condition of membership of its Quality Conveyancing Scheme that all law firm members must only receive this training from the Law Society. A competing provider of legal training courses, Socrates Training Limited (Socrates), successfully made the case that this was an anti-competitive practice.
The Law Society was ordered to pay costs in excess of £230,000 to Socrates.