Almost three-quarters of conveyancers would choose conveyancing as a career if they had their time again according to a new survey conducted by Perfect Portal. The exact survey result was 74.4 per cent. 60.7 per cent say conveyancing offers them a flexible lifestyle.
The survey also highlighted the business and operational challenges of being a conveyancer.
When asked ‘what is your least favourite part of the conveyancing process? 40.7 per cent of respondents said constant phone calls and emails while 30.7 per cent said chasing paperwork.
“Given that over 20 per cent (21.4 per cent) of respondents spend three hours or more each day responding to emails and phone calls, it’s disappointing that conveyancers have difficulty overcoming their long-held resistance to new technologies when there is absolutely no need for them to be doing so today,” said Stephen Wood, Chairman of Perfect Portal.
“I also find it curious that despite that fact that 30.7 percent of respondents said that chasing paperwork was the least favourite part of the conveyancing process, more than 50 per cent (57 per cent) are still not using eContracts which would make chasing paperwork a thing of the past. Not only can eContracts source most documents in the correct order with a click of the mouse, they are also more accurate. Best of all conveyancers can “hop-on hop-off”. They can choose which parts they want to do digitally and which parts they don’t. They don’t have to go digital holus bolus.
“As an example, a conveyancer could use Diffie for electronic verification of identity (VOI), then create and exchange a paper contract. Alternatively, he or she could do a VOI the old-fashioned way.”
Conveyancers are also divided as to how to keep track on their quotes with 39.3 per cent saying they don’t, 28.6 per cent saying they follow up with an email and 21.4 per cent follow up with a phone call. And while most firms (78.6 per cent) want more work, the range of matters completed in a week varies significantly with 42.9 per cent of firms completing three or less matters a week compared to just 17.9 per cent completing seven or more matters a week.