Thursday, 11 April 2013

Birmingham Law Society Legal Awards

Tony Rollason,our man on the ground, provides his account of the evening


We extend our congratulations to Sydney Mitchell LLP who won the Law Firm of the Year (5-15 partners category) that Landmark sponsored at the recent Birmingham Law Society Legal Awards.  Sydney Mitchell LLP, commercial & residential property and wills & probate specialists, previously won the award in 2008 and 2011. Sydney Mitchell specialist teams include commercial property and their private client teams include residential property and wills and probate.

The Birmingham Law Society Legal Awards, attended by over 500 legal professionals, took place at the ICC Birmingham. The host for the evening was ITV weather presenter Emma Jesson and the speaker Baroness Helena Kennedy QC a leading Human Rights Lawyer.

In the other award categories Eversheds LLP was named law firm of the year (16 partners or more), beating off competition from Gateley LLP, Irwin Mitchell Solicitors, Mills & Reeve LLP and SGH Martineau LLP.  The award for Law Firm of the Year (Sole Practitioner to 4 partners) was awarded to Jayne Willetts & Co Solicitors.

In the individual categories, Olwen Dutton of Bevan Brittan LLP won partner of the year, while Clive Garner, partner at Irwin Mitchell Solicitors, won international lawyer of the year.  James Dixon,  barrister at No5 Chambers, was awarded the title of pro bono lawyer of the year, with Adam Fisher of Wragge & Co LLP, winning assistant/associate solicitor of the year, and Michael Vale of Sydney Mitchell LLP picking up chartered legal executive of the year.

In the final two categories, Tariq Sadiq from St Philips Chambers won barrister of the year and Abisola Latunji of SGH Martineau LLP was named trainee solicitor of the year.  There was also special recognition for Peter Wiseman, who was awarded the Birmingham Law Society lifetime achievement award.

Thursday, 4 April 2013

And The Survey Says…


Latest research from the Royal Institute of Chartered Surveyors (RICS) has highlighted a worrying trend with regards to consumers’ knowledge and use of building surveys when purchasing a property. 

The research identified that almost one third of home buyers fail to commission a survey prior to completion, and of those, a fifth result in owning a home that they would not have purchased, had they have been fully aware of the property’s true condition.

It was also identified that whilst almost one third of home buyers are not commissioning a survey when buying a property, 94% agreed that it was an important thing to do.

If buyers are purchasing homes without the foresight offered by a building survey, it could lead to subsequent financial pressures if they are then faced with urgent repairs or maintenance that they hadn’t accounted for. On average, the RICS research found that remedial work costs an average of £5,750.

To highlight the risk at the other extreme, a well-publicised example focuses on Ridgemont House, which is situated on the cliff tops of Torquay.  In 2010, the 1930’s property was purchased for £154,000 at auction via a telephone bid. The purchaser did not undertake a viewing or commission any structural reports or surveys, even though the auction particulars stated that the property was “severely structurally damaged” and potentially “beyond economic repair”.

In a matter of days of the new owner moving in, a landslide meant the property was dangerously close to the cliff edge and so not safe to live in. This month, following months of legal battles between the buyer and seller, the latest reports confirm that the property has succumbed to the elements, with another landslip pulling a majority of the home in to the sea below.

While this is a rather extreme case, it does illustrate the need to continue educating consumers as to what surveys are available to them when purchasing a property, and the benefits of commissioning them.   It is also important to stress that the valuation survey is for the benefit of the mortgage lender, in order to confirm that the property is worth the value of the loan’s security, and does not in any way provide structural or condition-based information to the buyer.

At the end of the day, it pays to carry out a survey on what is likely to be the most expensive purchase you will ever make.

A helpful guide from Which? that outlines the range of Surveys available can be found here:

Wednesday, 3 April 2013

Cloud Computing: What does it mean for financial services?

Part 1

The rapid shift in attitude towards cloud computing continues with the financial services industry being no exception. Cloud adoption remains one of the top priorities for CIOs, so our Cloud Computing blog series explores why financial services and related businesses have not fully adopted cloud offerings for their mainstream applications and services thus far:

Why Cloud?

From a technical perspective, cloud platforms automatically assemble, connect, configure and reconfigure virtualised and logical technology resources to accomplish business goals.

From a business perspective, it eliminates constraints relating to where physical IT resources are located or what specific technologies they employ. This enables the low-cost creation and deployment of new business services on previously unthinkable timescales.

Organisations that need to focus on efficiency and drive their growth strategy by becoming more flexible and agile, developing new markets, channels and products need this kind of flexible and cost effective technology enabler in order to remain competitive in this highly dynamic market sector.  Being first to market can often be the real differentiator and the adoption of cloud platforms is one tool available to financial services businesses, which can assist in this endeavour.

A private Data Centre is more secure, or is it?

The words ‘Public Cloud’ are often used these days, what does that mean to financial services CIOs?  It means, open, available, accessible, uncontrolled and insecure.  The word ‘Private Cloud’ means closed, unavailable, inaccessible, controlled and secure.  Let’s try to dissect the real differences here.

Data Centre infrastructure located within a private or co-location Data Centre is controlled by physical and logical security and access is via a controlled physical entrance or firewall controlled networks.  Often privately owned Data Centre facilities have weak or limited security measures, albeit dedicated co-location facilities typically have improved measures despite the shared nature of their offerings.

In contrast the larger public cloud-computing providers have dedicated, highly secure and expansive facilities globally placed where client access to such are extremely limited and controlled.  For the financial services sector, such controls lend themselves extremely well to adoption confidence:

             Global footprints

             Highly secure and controlled access (customer access to the actual compute floors is limited if available at all)

             Designed, built and operated with scale and efficiency at the forefront

             Transparent and auditable operational practices

In reality this means the key cloud operators such as Microsoft, Amazon, Rackspace, and Salesforce have physical and secure Data Centre facilities as well as operational practices that cannot be easily matched without prohibitive levels of investment.

Do probate professionals understand the HMRC declarations within IHT forms


Gerard Faulds is a founding Director of Landmark Financial Asset Search. Today he asks the question ‘Do probate professionals understand the HMRC declarations within IHT forms?’

The supporting exploratory notes provided by HMRC to assist in the accurate completion of IHT forms are 84 pages long. How frequently do you refresh yourself as to their contents?

You may regularly complete IHT 205 and 400 forms but do you read and understand some of the statements and declarations which you are agreeing with?

The IHT forms and exploratory notes do not say “based on the papers provided to you, did the deceased have….” The following are specific questions from the IHT 205 and 400 Forms:

“Did the deceased have any provision for retirement other than the state pension?”

What if the deceased paid into a pension scheme for many years but had stopped making payments into the plan and was not already drawing a pension from the scheme?

“Did the deceased pay premiums on life insurance policies...?

What if the deceased paid a single Life premium many years ago? How would you know?

Your recently nominated COLP will play a pivotal role in ensuring that firms and ABS’s throughout England and Wales have appropriate systems and controls in place to enable them to manage business risks.

A Landmark Financial Asset Search enables probate professionals (and their clients) to have greater confidence that lost and forgotten financial assets have been sought as well as known assets and are distributed in accordance with the latest will.

Gerard has a background in Financial Services having been a Senior Executive or Director of a number of the institutions who work with us and who value the service they provide in reuniting assets with their rightful owners. His understanding of the industry has enabled us to develop the FAS search facility to become a critical tool for probate professionals as they manage their probate case risks.

Friday, 8 March 2013

What Lies Beneath? King Richard III – Landmark Information Group Makes New Discovery of Key Site Thanks to Historical Mapping



The civil war for the throne between the House of York and House of Lancaster which raged across England in the latter half of the 15th century culminated in the final Battle of Bosworth, during which Henry Tudor, Earl of Richmond, defeated his foe, King Richard III, to become the first English monarch of the Tudor dynasty.

Over 500 years later, the discovery of the remains of King Richard III buried beneath a Leicester car park has brought to the fore the question: ‘what lies beneath?’  How sure can environmental and engineering professionals be that, when they excavate a site in preparation for construction work, they know what they are likely to uncover? A car park in Leicester certainly seems a highly unlikely burial site for a former monarch and yet, how much do we know about the previous use of land throughout the UK – and how prepared can environmental professionals be?

Using historical mapping available with Envirocheck, the industry standard desk study information service, Landmark Information Group has carried out historical map analysis on the Leicester car park where King Richard III’s remains were found and on the site of the Battle of Bosworth which, on 22 August 1485, claimed King Richard III’s life – and it turns out that car parks feature in the ‘afterlife’ of both King Richard III and King Henry VII.

David Mole, Business Development Director, Environment – Land & Property, Landmark Information Group, said: “Using historical mapping dating from 1888 overlaid with current maps, we have identified how the use of the Leicester car park has evolved, from open grass land, to the car park that it is today.”

Identified as undeveloped grass land in the 1888 county series map, the first map to indicate the site as a car park was in 1954 Ordnance survey map.  This latter map is also the first to indicate that the site could be of historical interest, showing that the site was the location of a ruin, which was confirmed to a Franciscan friary in the mapping from the 1960s.

David continues: “We have also identified that the site used for Henry Tudor’s encampment, which sits outside the National Heritage-protected site of the actual battlefield, and made the discovery that a section of the site is now a car park. It is extraordinary that not only the burial site for King Richard III has become a car park, but that the site of his enemy’s encampment for the battle in which King Richard III died, has also been turned into a car park.

“Whilst this is an interesting fact, it does demonstrate the serious issue that, without thorough checks and investigation, it is often simply impossible to tell what lies beneath the top soil during excavation works. The recent history may be well known – such as whether a factory or gas works were situated on site and therefore decontamination is required – but what about the more historical use for the land? Discoveries such as sites of historical importance, sensitive land use, and ground water vulnerability can delay construction works for months or years; it can even put a stop to it altogether, resulting in extensive loss of money for all involved.”

David concludes: “It’s not all bad news however. Environmental and engineering professionals needn’t become mapping experts overnight; there are desktop information searches available, ideal for fast and highly accurate environmental site assessments. Obtaining a comprehensive report which includes extensive environmental information – including, for example, historical mapping, areas of special scientific interest and geological maps – that reveal previous uses of specific locations, can potentially save professionals time and money.”

Landmark’s Envirocheck Report is the industry standard desk study information service, providing professionals with fast and highly accurate environmental site assessments. Envirocheck delivers site-specific information with access to comprehensive Ordnance Survey current and historical mapping. The historical maps in the Landmark database exceed 1 million map files from 1840 to present day sourced from Ordnance Survey, Trinity College (Dublin) and the Royal Geographical Society.  The collection of Ordnance Survey maps is supplemented with RAF historical aerial photos and Russian Military Cold War mapping of the UK.  The Envirocheck Report offers a flexible solution by allowing professionals to choose the detail they need depending on their project requirements.

For more information, visit www.envirocheck.co.uk.  

Mark Milner appointed as CEO of Landmark Information Group


DMG Information (DMGI), the business information division of the Daily Mail & General Trust plc, today announces that Mark Milner, formerly Managing Director of Landmark UK Property, has been appointed to the position of CEO Landmark Information Group. He will be based in Landmark’s UK offices, but assumes responsibility for all of Landmark activities in UK and Europe. Milner replaces Stephen Stout who has been appointed to the new role of CEO DMG Information Asia Pacific.
Milner joined Landmark full time in September 2012 from The Digital Property Group where he was CEO, and has been a member of the Landmark Board since 2009.
Landmark is the UK’s leading provider of land and property search information, including digital mapping, environmental risk reports for property professionals and sophisticated property management tools to surveyors, risk and fraud managers and the broader financial markets. It also has operations in Germany in the form of On-Geo, and interests in Holland.
Commenting on his new role, Milner said, “Landmark is truly a great company and I feel privileged to be taking over the reins of such a successful business from Stephen Stout who has steered the business with such great leadership and judgement. Happily I will be able to draw on Stephen’s experience as he will remain on our Board, and I have every confidence our new Landmark will go from strength to strength; we have many exciting plans for new and existing customers, and a great selection of people in the team to deliver against those ambitions.”
Commenting on the appointment, out-going CEO Stephen Stout commented: “Mark has made a big impact on Landmark since his arrival and I have absolute confidence he and the team will continue to have success expanding Landmark’s UK business and developing further in Europe. Landmark is in great hands.”
Milner will report to Suresh Kavan, CEO of DMGI, who commented, “We are delighted to have Mark at the helm at Landmark. He and his team have already restructured the UK business and launched a series of products aimed at the financial risk and environmental markets. I am very confident he will expand our position in the UK market and continue the work to take Landmark further into Europe and build upon our successes in Germany.”

Wednesday, 6 March 2013

Stephen Stout appointed as CEO DMG Information Asia Pacific


DMG Information (DMGI), the business information division of the Daily Mail & General Trust plc, today announces that Stephen Stout, formerly CEO of Landmark Information Group, has been appointed to a newly formed position of CEO DMGI Asia Pacific. He will be located in Singapore and will be tasked with developing DMGI’s presence in Asia and adjacent markets. Stout will be replaced as CEO of the Landmark Information Group by Mark Milner, who was previously CEO of the Digital Property Group.
Stout is no stranger to the Asia and Australasian markets having previously been based in Singapore for eight years and two years in Australia in previous roles.
Commenting on his new role, Stout said, “After 10 years at Landmark, I am extremely excited to be taking on the challenge of spearheading DMGI’s expansion into Asia, a market in which we already have experience and where we can see enormous opportunities. Landmark has made huge progress over the years and it has been an honour to work with the Landmark team, who, I am certain, will continue to have success expanding Landmark’s UK business and developing further in Europe”.
Stout will continue to report to Suresh Kavan, CEO of DMGI, who commented, “I’d like to thank Stephen for his leadership over the last 10 years and wish him the very best of luck in his new venture; we are all very excited about realising the opportunities we have identified in the Asian markets and Stephen is exactly the person to bring those opportunities to DMGI. In his new pan-DMGI role he also has access to a vast array of DMGI services and he will be instrumental in helping our US and European businesses establish secure footings in the Asian and Australasian markets.”
A follow-up announcement will be released shortly with details of Stout’s successor.