In a move that should draw a line under a controversial competition dispute, the Law Society has settled with online training provider Socrates after it was found to have abused its dominant market position by the Competition Appeal Tribunal (CAT) over training tied to its conveyancing accreditation scheme.
Socrates had issued the claim last year, alleging that the Law Society’s requirement for law firms to buy anti-money laundering (AML) and mortgage fraud training from it as a condition to maintain their Conveyancing Quality Scheme Accreditation (CQS) was anticompetitive.
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