Statistics

George

Edging ahead of East London we had responses from 5 law firms, representing 8 partners, of whom 7 are conveyancing partners. The findings therefore cannot provide a suitable sample, as can be seen by the Recovery for electronic bond instructions table and its corresponding graph. Nevertheless they read as follows:
Internet connectivity
Permanent connection 66%
Dial up 34%
Recovery of Posts & Petties costs
Transfers Bonds Cancellations
High R 350 R 250 R 228
Low R 228 R 228 R 150
Average R 285 R 245 R 200
Recovery of Deeds Office search costs
High R 75
Low R 7
Average R 50
Did not respond None
Recovery of electronic bond instruction costs
ABS FNB NED STD AVG
High R 80 R 80 R 80 R 80 R 80
Low R 80 R 80 R 80 R 80 R 80
Average R 80 R 80 R 80 R 80 R 80
Did not respond 75% 75% 75% 75% 75%
Recovery of FICA search costs
Individuals Companies Trusts
High R 250 R 250 R 250
Low R 200 R 200 R 200
Average R 226 R 226 R 226
Did not respond 25% 25% 25%
Firms that have increased the recommended tariff 25%
Firms that charge a minimum fee None
Discounting of fees
High 25%
Low 15%
Average 18%
Did not respond 20%
Percentage of firms which incentivise their secretaries None
Ratio of senior secretaries to junior secretaries 1 : 2
Matter "legs" per secretary per month
A completed bond and a completed transfer each = 1 leg, while a cancellation = half a leg
High 20
Low 3
Average 11
How long will the property boom last?
Don't know 34%
Over already 22%
Less than 6 months 33%
Less than 1 year 0%
More than 1 year 0%

Links to the regional results
Main survey results
Bloemfontein
Cape Town
Durban
East London
Johannesburg - East
Johannesburg - Sandton
Johannesburg - South
Johannesburg - West
Pietermaritzburg
Port Elizabeth
Pretoria

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