Category: Settlements

Start the financial year strong: four practices to grow your conveyancing firm

The start of a new financial year is an opportunity to reflect on whether your current ways of working are supporting the kind of growth you want to achieve. Whether you are running a solo conveyancing practice or leading a growing legal team, there are practical ways to make your business more scalable, efficient and client focused. These improvements do not require a complete transformation, but they do require intentional choices. A few simple shifts in mindset, process and support can lead to measurable benefits over time. Here are four key practices to help you build momentum and scale with confidence in the new financial year: Strategic automation and delegation Time is one of your most valuable resources, but it is often lost to manual work, repetitive tasks and administrative delays. If too much of your day is spent managing the operational side of matters, it can be difficult to give clients the level of service they expect. This means being deliberate about which tasks require your attention, and which can be handled through technology or external support is a powerful way to reduce administrative burden. In conveyancing, automation might be useful with small routine processes such as extracting

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The essential role of final title searches in property transactions

Sorry, no results.Please try another keyword For property lawyers and conveyancers, the property settlement process is complex, requiring careful management to protect clients from potential legal and financial risks. A recent New South Wales Supreme Court case has underscored the critical need for conducting final title searches, which serve as a vital layer of security in transferring property ownership. In this case, the purchasers of a property in Blakehurst, a suburb in the St George area of Sydney, entered a contract to buy a home valued at $4,350,000. To complete the purchase, they obtained a mortgage loan from Westpac, which would be secured against the property following the settlement. However, a complication arose when a third party lodged a caveat against the property just before the final transfer. As a result, the New South Wales Land Registry Services (LRS) informed Westpac that the transfer of ownership and the associated mortgage could not be registered. This unexpected caveat highlights the importance of final title searches, especially close to settlement, to reveal any last-minute claims or encumbrances on a property’s title.  Why final title searches are critical for smooth settlements Final title searches are an essential safeguard for clients. By verifying

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Streamlining legal operations: Thompson Geer’s success story with SettleIT

Streamlining legal operations: Thompson Geer’s success story with SettleIT In the world of corporate law, efficiency, accuracy, and cost-effectiveness are paramount. For Thompson Geer, one of Australia’s leading independent corporate law firms, these principles form the foundation of their operations. Specialising in the commercial and legal interests of companies, governments, and institutions, Thompson Geer boasts a diverse range of legal services. This article delves into Thompson Geer’s experience using SettleIT to streamline and enhance the lodgment and registration processes for their legal matters. We spoke to Alexia Booth, Legal Administrative Assistant at TG Legal + Technology, to learn how they implemented SettleIT into their day-to-day operations and how this has benefitted both the firm and their valued clients.  1. When did your firm start using SettleIT and why? “We began using SettleIT around two years ago for a variety of reasons, including to help us manage our constant flow of matters requiring registration, to double check our lodgments with the aim to reduce requisitions and the additional costs of requisitions, and therefore provide the best service for our clients (efficiency and a great costs/benefit ratio).” 2. How has using SettleIT benefited your firm and your clients? “SettleIT and it’s agents (in

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The importance of ethical conduct in conveyancing: best practices for conveyancers

The importance of ethical conduct in conveyancing: best practices for conveyancers In the realm of conveyancing, where transactions involving real estate are conducted, the importance of ethical conduct cannot be overstated. Conveyancers play a pivotal role in ensuring the smooth transfer of property ownership, and their ethical behaviour is not just a legal obligation but a cornerstone of trust, professionalism, and ultimately, client satisfaction. In this article, we will delve into the significance of ethical conduct in conveyancing, how it ties into quality customer service, and provide best practices that every conveyancer should uphold. Adherence to the industry code of conduct Each state division of the Australian Institute of Conveyancers (AIC) has their own Code of Conduct governing the behaviour of conveyancers. Common topics are present throughout the various codes, including: Client confidentiality, Professional responsibilities, Fairness and social responsibility, and Fees commissions and charges. Ethical conduct requires strict adherence to these codes, which outline the professional standards and responsibilities expected of conveyancers. Familiarise yourself with your local code and ensure continued compliance. Also, inform your clients about the industry’s Code of Conduct and how you are committed to upholding these standards. This transparency can reassure clients that they are working

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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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