Why conveyancing should be a key offering of your law firm

Why conveyancing should be a key offering of your law firm With the move to a national eConveyancing mandate, and subsequent changes in processes, general law firms are considering whether they should continue servicing clients in the property space. This is largely due to the hurdles of learning new e-settlement systems, implementing new processes and a lack of access to useful training, so it is understandable why many firms are considering referring this work to a qualified conveyancer.  However, general law firms that practice conveyancing not only offer several key benefits to their clients, but this can also act as a means to acquire additional work in other areas of law and provide a full-service offering throughout a client’s lifetime.   Conveyancing unlocks doors to clients Conveyancing has often been viewed as the bread and butter of a firm; a stock standard service offering. However, when considering the bigger picture of client interaction, conveyancing should be considered a much more lucrative business generation opportunity.   Imagine your average couple; the most common reason they will first interact with a lawyer or conveyancer is when they purchase their first home. Ongoing from this, they might need to write a will, which will

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Historic Reforms for NSW E-conveyancing

Historic reforms for NSW eConveyancing On Thursday May 12 2022, the NSW Parliament passed the Electronic Conveyancing (Adoption of National Law) Amendment Bill 2022. The historic reform has been welcomed and championed by InfoTrack within Australia.  How are property transactions currently undertaken? Investing in property is often one of the biggest financial decisions a person will make in their lifetime. Currently, when a consumer is ready to buy, sell or mortgage a property they are only able to subscribe to the one Electronic Lodgment Network Operator (ELNO) to complete the transaction. This is because ELNOs are unable to exchange information, or ‘talk’ to each other, to complete a transaction. How does this reformed legislation change this? The important reforms outlined in the amended bill require ELNOs to interoperate, meaning a greater level of cooperation will be necessary amongst operators. Interoperability means that every user gains the right to choose their ELNO for every settlement.  What does this announcement mean for all parties involved? These significant changes pave the way for national interoperability, meaning better competition and choice for practitioners. For all of those involved in property settlements, the buyer, the seller, and/or their conveyancers, and lawyers, this will accelerate the process

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The Benefits of Digital Conveyancing

The benefits of digital conveyancing Your prospective clients are highly informed and shop around for the best service. As such, it is imperative to differentiate your firm in an increasingly competitive market. End-to-end eConveyancing benefits Client experience Offering an end-to-end e-conveyancing experience for your clients increases their satisfaction, meets their desire for easy, fast results and saves your firm time and resources. Due to the pandemic, digital transformation has accelerated out of necessity. Now that the benefits of conducting business digitally have been realised, there is no turning back. Conducting business online saves all parties time and money; an attractive proposition, especially to your clients. They no longer need to travel to your office to sign documentation or attend an in-person identity verification service. Overall, end-to-end e-conveyancing satisfies your clients expectation of fast results. Business growth The digitalisation of conveyancing allows your firm to provide services with greater speed and efficiency, which not only improves the level of service you can offer but creates opportunities for more business. By spending less time on administration, you can redirect focus to growing your business, or simply having greater work-life balance. This keeps your business at the forefront of the industry and get

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