The results are in from the survey which we ran during May, and they make interesting reading. Firstly, thanks to all of you who participated in it. In total we received replies from over 260 law firms representing some 435 conveyancing partners, 866 senior conveyancing secretaries and 548 junior secretaries. As promised the results will be presented in aggregated form.
You will notice that there is quite a divergence between the highest and the lowest amounts which firms charge for various transactions. For instance the least anyone charges for a FICA enquiry is R50, yet a number of firms charge R600. The findings also reveal a switched on profession with more than 80% of our respondents having a permanent Internet connection.
Below we have tables representing some of the aggregate findings. These are followed by links to the various geographic regions in which we go into the findings in more detail. Again, thank you for taking part, it was an interesting exercise and we look forward to doing similar ones in the future.
|Recovery of Posts & Petties costs|
|High||R 650||R 650||R 385|
|Low||R 114||R 75||R 30|
|Median||R 342||R 282||R 100|
|Average||R 324||R 289||R 126|
|Recovery of electronic bond instruction costs|
|High||R 160||R 160||R 160||R 170||R 162|
|Low||R 20||R 40||R 40||R 40||R 35|
|Median||R 60||R 60||R 60||R 60||R 60|
|Average||R 70||R 70||R 70||R 72||R 70|
|Recovery of FICA search costs|
|High||R 450||R 600||R 600|
|Low||R 50||R 50||R 50|
|Average||R 206||R 223||R 223|
Johannesburg - East
Johannesburg - Sandton
Johannesburg - South
Johannesburg - West