The angst and distress of home purchasers and sellers clients in Manchester, following the closure of bulk Conveyancing firm Wolstenholmes, has prompted the Law Society of England and Wales, in association with Manchester Law Society, to establish a scheme to assist abandoned Manchester Conveyancing clients currently part-way through transactions.
The closure by the Solicitors Regulation Authority of Wolstenholmes, shut down following suspicions of serious financial irregularities left a number of clients who exchanged contracts unable to complete on the sale or purchase of their home.
The Law Society of England and Wales and Manchester Law Society have joined forces to assemble a pool of Manchester-based law firms who will be available to take on the work and who will attempt to complete Manchester Conveyancing transactions without delay or inconvenience to the clients.
Law Society Chief Executive Desmond Hudson said; "The scheme is a response to a crisis situation which has arisen due to the closure of a firm following regulatory action. It is has been implemented to ensure that clients are not left in the lurch without legal representation. It is important to emphasise that clients have a free choice of firms both within the scheme and without. This action is a useful example of how the solicitors profession is keen to deal with problems in its midst and to protect the interests of consumers. Using a solicitor offers clients unique protections and guarantees, as this case shows. "
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