Tying with East London, Johannesburg - South had responses from 4 law firms, representing 6 partners, of whom 3 are conveyancing partners. The sample is therefore largely unsuitable to draw any meaningful conclusions - for instance no one responded to the question What amount does your firm recover from the financial institutions for electronic bond instructions? so no graph could be generated. Nevertheless here are the results:
Internet connectivity | |||||
Permanent connection | 50% | ||||
Dial up | 50% | ||||
Recovery of Posts & Petties costs | |||||
Transfers | Bonds | Cancellations | |||
High | R 450 | R 450 | R 100 | ||
Low | R 250 | R 75 | R 75 | ||
Average | R 321 | R 302 | R 91 | ||
Recovery of Deeds Office search costs | |||||
High | R 100 | ||||
Low | R 80 | ||||
Average | R 87 | ||||
Did not respond | 25% | ||||
Recovery of FICA search costs | |||||
Individuals | Companies | Trusts | |||
High | R 250 | R 350 | R 350 | ||
Low | R 200 | R 220 | R 220 | ||
Average | R 225 | R 285 | R 285 | ||
Did not respond | 50% | 50% | 50% | ||
Firms that have increased the recommended tariff | 25% | ||||
Firms that charge a minimum fee | None | ||||
Discounting of fees | |||||
High | 25% | ||||
Low | 10% | ||||
Average | 18% | ||||
Did not respond | 50% | ||||
Percentage of firms which incentivise their secretaries | 50% | ||||
Ratio of senior secretaries to junior secretaries | 1 : 0.3 | ||||
Matter "legs" per secretary per month | |||||
A completed bond and a completed transfer each = 1 leg, while a cancellation = half a leg | |||||
High | 52 | ||||
Low | 5 | ||||
Average | 21 | ||||
How long will the property boom last? | |||||
Don't know | 50% | ||||
Over already | 25% | ||||
Less than 6 months | 0% | ||||
Less than 1 year | 25% | ||||
More than 1 year | 0% | ||||
Links to the regional results
Main survey results
Bloemfontein
Cape Town
Durban
East London
George
Johannesburg - East
Johannesburg - Sandton
Johannesburg - West
Pietermaritzburg
Port Elizabeth
Pretoria
Leave a comment: