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The Court of Appeal has reversed a ruling that held a solicitors’ firm caught up in a mortgage fraud liable for the loss after being tricked by a bogus practice. The High Court had ruled that Davisons Solicitors in Birmingham had to repay £184,500 to the Nationwide Building Society.

The Law Society has called on the government to lead a “mediated dialogue” with mortgage lenders to deliver “an amicable long-term solution” to the ongoing arguments over conveyancing panels. It has asked business secretary Vince Cable to intervene.

There are signs of a softer professional indemnity insurance market for some law firms this year, but underwriters are looking to handle alternative business structures with care, a new report has claimed.

The Court of Appeal yesterday quashed the conviction of a solicitor jailed for fraud and money laundering in £650,000 worth of property transactions. However, a conviction for perverting the course of justice – for selling a Lamborghini that was subject to a freezing order – was unaffected.

Our latest news round-up reports on a barrister jailed after stealing £72,500 from his chambers, more problems with the SRA’s online PC renewal system, surveys on fixed fees and compliance, and the appeal court upholding a ruling against a firm innocently caught up in mortgage fraud.