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Law society breaches competition rules over financial regulation training for conveyancers

Johnson, Diana

Authors

Diana Johnson Diana.Johnson@uwe.ac.uk
Senior Lecturer in Legal Practice course



Abstract

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.

Journal Article Type Article
Publication Date Jan 1, 2017
Journal Financial Regulation International
Peer Reviewed Not Peer Reviewed
APA6 Citation Johnson, D. (2017). Law society breaches competition rules over financial regulation training for conveyancers
Keywords law society, competition
Publisher URL https://www.financialregulationintl.com/financial-industry/law-society-breaches-competition-rules-over-financial-regulation-training-for-conveyancers-127927.htm?origin=internalSearch

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