Carter Bond Solicitors | Business, Law and More
Business, Law and More is where law and entrepreneurship meet! You will gain knowledge and insight of businesses and its owners, the legal implications as well as behind the scenes from a law firm and everything in between. Guests include lawyers, business owners and other professionals who provide valuable insight.
Your host Reena Popat is the Founder and Managing Partner of Carter Bond Solicitors, an established Legal 500 commercial law firm in London.
Website: www.carterbond.co.uk
Linked In: https://www.linkedin.com/company/9289899
Carter Bond Solicitors | Business, Law and More
Understanding Independent Legal Advice (ILA)
In this episode of Business, Law and More, host Reena is joined by solicitor Katie Horrod to discuss a frequently misunderstood topic: Independent Legal Advice (ILA). They explain what ILA is, when it’s required, and why it plays a crucial role in transactions such as personal guarantees, settlement agreements, and mortgage arrangements.
Katie outlines the circumstances that trigger the need for ILA, including conflicts of interest and lender requirements. She also provides insight into the different forms ILA can take—whether in person or via video call—and explains the practical steps involved in delivering this advice. Reena and Katie also touch on how the pandemic has shaped current practice.
The episode closes with practical advice for clients who may need ILA at short notice, tips on how to choose a solicitor for this purpose, and how lenders treat refusals to proceed with legal advice. This episode helps clarify what to expect when ILA is needed.
Please note that the content shared in this podcast is for general informational purposes only and does not constitute legal advice. The law is constantly evolving, and the specifics of each case vary. Therefore, listeners should seek independent legal advice before acting on any information presented in this podcast. Carter Bond Limited trading as Carter Bond Solicitors accepts no liability for any actions taken based on the content of this podcast.
The views and opinions expressed in this podcast are those of the speakers and do not necessarily reflect the views or positions of Carter Bond Limited trading as Carter Bond Solicitors. Information provided in this podcast is for informational purposes only and should not be considered a substitute for advice.
Thank you for listening to "Carter Bond Solicitors | Business, Law and More." For personalised legal advice, please speak to a qualified legal professional.
