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29 May 2015 / Desmond Hudson , Desmond Hudson
Issue: 7654 / Categories: Features , Property
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Desmond Hudson charts the Veyo journey from start-up to full speed ahead!

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Set up just over six months ago, Veyo, the joint venture between the Law Society and Mastek UK, brings together electronically all the processes, checks and documentation prepared and undertaken by solicitors and licensed conveyancers in the sale and purchase of residential property.

There is no denying that we have received a degree of negativity in the marketplace. It is understandable: we are coming in to shake up the industry. We have seen companies make misleading price comparisons, disregard us as just another CMS (case management system) provider, or cast aspersions on the robustness and efficiency of our product. But Veyo’s product offering is unique. There is nothing comparable in the marketplace – although we do expect other companies to stake their claim and rush through development of their own product offerings.

Despite a few vociferous commentators, a significant number of professionals have already signed up. But while we have always anticipated this, we have also been clear that it is critical that

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MOVERS & SHAKERS

Signature Litigation—Catherine Naylor

Signature Litigation—Catherine Naylor

International fraud and asset recovery offering boosted by partner hire

Stevens & Bolton—Alexa Payet

Stevens & Bolton—Alexa Payet

Private wealth disputes team adds contentious probate specialist

Morgan Lewis—Paul Feldberg

Morgan Lewis—Paul Feldberg

Firm strengthens investigations and sanctions capabilities with London partner hire

NEWS
Cheshire West, which established an ‘acid test’ for deprivation of liberty safeguards, has been overturned by the Supreme Court
The Chancery Division and other segments of the High Court are to be replaced by a new Business and Property Division (BPD), in a major civil justice shakeup
Law firms that hold client money will need to file annual accountants’ reports and make a declaration, the Solicitors Regulation Authority (SRA) confirmed this week
Two district judges and a tribunal judge have been sanctioned for delays in delivering judgments and orders
Private equity (PE) investment into UK law firms halved to £250m last year, but deal volume rose, according to research by Acquira Professional Services’ Momentum private equity market tracker
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