Responses from 24 law firms, representing 59 partners, of whom 41 are conveyancing partners were received. The findings read as follows:
Internet connectivity | |||||
Permanent connection | 92% | ||||
Dial up | 8% | ||||
Recovery of Posts & Petties costs | |||||
Transfers | Bonds | Cancellations | |||
High | R 450 | R 450 | R 250 | ||
Low | R 200 | R 200 | R 50 | ||
Average | R 351 | R 325 | R 129 | ||
Recovery of Deeds Office search costs | |||||
High | R 150 | ||||
Low | R 50 | ||||
Average | R 83 | ||||
Did not respond | 17% | ||||
Recovery of electronic bond instruction costs | |||||
ABS | FNB | NED | STD | AVG | |
High | R 139 | R 80 | R 80 | R 80 | R 80 |
Low | R 60 | R 60 | R 50 | R 75 | R 62 |
Average | R 88 | R 72 | R 68 | R 78 | R 77 |
Did not respond | 82% | 82% | 82% | 82% | 82% |
Recovery of FICA search costs | |||||
Individuals | Companies | Trusts | |||
High | R 400 | R 400 | R 400 | ||
Low | R 70 | R 70 | R 70 | ||
Average | R 222 | R 222 | R 222 | ||
Did not respond | 25% | 25% | 25% | ||
Firms that have increased the recommended tariff | 33% | ||||
Firms that charge a minimum fee | 4% | ||||
Discounting of fees | |||||
High | 50% | ||||
Low | 10% | ||||
Average | 17% | ||||
Did not respond | 30% | ||||
Percentage of firms which incentivise their secretaries | 58% | ||||
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 | 33 | ||||
Low | 6 | ||||
Average | 19 | ||||
How long will the property boom last? | |||||
Don't know | 25% | ||||
Over already | 25% | ||||
Less than 6 months | 25% | ||||
Less than 1 year | 4% | ||||
More than 1 year | 21% | ||||
Links to the regional results
Main survey results
Bloemfontein
Cape Town
Durban
East London
George
Johannesburg - East
Johannesburg - Sandton
Johannesburg - South
Pietermaritzburg
Port Elizabeth
Pretoria
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