In equal first place with Cape Town, we had responses from 56 law firms, representing 208 partners, of whom 97 are conveyancing partners. The findings read as follows:
Internet connectivity | |||||
Permanent connection | 84% | ||||
Dial up | 16% | ||||
Recovery of Posts & Petties costs | |||||
Transfers | Bonds | Cancellations | |||
High | R 750 | R 650 | R 350 | ||
Low | R 150 | R 150 | R 25 | ||
Average | R 377 | R 340 | R 171 | ||
Recovery of Deeds Office search costs | |||||
High | R 350 | ||||
Low | R 28 | ||||
Average | R 62 | ||||
Did not respond | 13% | ||||
Recovery of electronic bond instruction costs | |||||
ABS | FNB | NED | STD | AVG | |
High | R 150 | R 150 | R 150 | R 170 | R 155 |
Low | R 45 | R 45 | R 45 | R 45 | R 45 |
Average | R 72 | R 75 | R 75 | R 78 | R 75 |
Did not respond | 71% | 71% | 71% | 71% | 71% |
Recovery of FICA search costs | |||||
Individuals | Companies | Trusts | |||
High | R 450 | R 600 | R 600 | ||
Low | R 70 | R 70 | R 70 | ||
Average | R 220 | R 225 | R 252 | ||
Did not respond | 41% | 41% | 41% | ||
Firms that have increased the recommended tariff | 20% | ||||
Firms that charge a minimum fee | 9% | ||||
Discounting of fees | |||||
High | 50% | ||||
Low | 10% | ||||
Average | 21% | ||||
Did not respond | 21% | ||||
Percentage of firms which incentivise their secretaries | 54% | ||||
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 | 98 | ||||
Low | 1 | ||||
Average | 22 | ||||
How long will the property boom last? | |||||
Don't know | 18% | ||||
Over already | 25% | ||||
Less than 6 months | 16% | ||||
Less than 1 year | 20% | ||||
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
Johannesburg - West
Pietermaritzburg
Port Elizabeth
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