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Key players in the legal profession have welcomed the second phase of a government-backed scheme that will create apprenticeships which for the first time will lead to qualification as a solicitor, while a new apprenticeship in conveyancing will also be developed.

The Council for Licensed Conveyancers wants the power to regulate lawyers other than licensed conveyancers, as part of a strategy targeted at expanding its role within the property sector.

The possibility of clients buying ‘top-up’ cover to fill the gaps in compulsory professional indemnity insurance has been floated by the Legal Services Board as it set the scene for a significant shake-up of current financial protection arrangements.

The Law Society’s conveyancing quality scheme and lender-specific requirements amount to double regulation of lawyers and there needs to be a sector-wide effort to resolve the problem, the Council for Licensed Conveyancers has urged.

Countrywide plc has reported a “promising first half trading performance” for its conveyancing division, with income up 4% and earnings 12%. Countrywide Property Lawyers is an alternative business structure regulated by the Council for Licensed Conveyancers.