Statistics

Johannesburg - Sandton

Responses from 29 law firms, representing 223 partners, of whom 60 are conveyancing partners were received. The findings read as follows:

Internet connectivity
Permanent connection 83%
Dial up 17%
Recovery of Posts & Petties costs
Transfers Bonds Cancellations
High R 600 R 600 R 350
Low R 260 R 250 R 30
Average R 370 R 250 R 161
Recovery of Deeds Office search costs
High R 150
Low R 25
Average R 79
Did not respond 21%
Recovery of electronic bond instruction costs
ABS FNB NED STD AVG
High R 160 R 160 R 160 R 160 R 160
Low R 40 R 40 R 40 R 40 R 40
Average R 90 R 84 R 84 R 84 R 86
Did not respond 82% 82% 82% 82% 82%
Recovery of FICA search costs
Individuals Companies Trusts
High R 500 R 375 R 375
Low R 125 R 123 R 123
Average R 223 R 224 R 224
Did not respond 24% 24% 24%
Firms that have increased the recommended tariff 12%
Firms that charge a minimum fee 7%
Discounting of fees
High 50%
Low 10%
Average 19%
Did not respond 28%
Percentage of firms which incentivise their secretaries 41%
Ratio of senior secretaries to junior secretaries 1 : 0.7
Matter "legs" per secretary per month
A completed bond and a completed transfer each = 1 leg, while a cancellation = half a leg
High 40
Low 3
Average 13
How long will the property boom last?
Don't know 18%
Over already 24%
Less than 6 months 14%
Less than 1 year 34%
More than 1 year 10%

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

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