New scheme set up to rival Solicitors Property Centres

One of the pioneers of the solicitors property shop concept is to establish a rival to the planned Solicitors Property Centres (SPC) chain.

Solicitor Michael Garson, who in February this year organised one of the first conferences calling for solicitors to band together and sell property, has now set up the Independent Property Solicitors Organisation (IPSO).

IPSO will help solicitors who want to sell property, but do not want to join SPC's controversial nationwide scheme.

“Property centres won't be right for everyone,” said Garson, a partner at Philip Hodges & Co, and an executive committee member of the Solicitors Property Group (SPG).

ISPO, whose board of directors consists of Philip Hodges lawyers, will offer advice to individual firms or small groups of firms on how to start a property selling venture.

The company does not plan a large upfront charge for its services, but will demand a royalty from future profits made by property-selling law firms that take its advice.

SPC director Tony Bogan, who has now resigned from the SPG, wished Garson's initiative well.

He added that the SPC had signed up 270 of the 500 firms it was seeking to enlist in order to launch its ambitious venture. SPC's first property shop is expected to open at the beginning of next year.