Responses from 21 law firms, representing 60 partners, of whom 28 are conveyancing partners were received. The findings read as follows:
Internet connectivity | |||||
Permanent connection | 67% | ||||
Dial up | 33% | ||||
Recovery of Posts & Petties costs | |||||
Transfers | Bonds | Cancellations | |||
High | R 500 | R 350 | R 200 | ||
Low | R 150 | R 125 | R 30 | ||
Average | R 280 | R 237 | R 101 | ||
Recovery of Deeds Office search costs | |||||
High | R 195 | ||||
Low | R 4 | ||||
Average | R 83 | ||||
Did not respond | 22% | ||||
Recovery of electronic bond instruction costs | |||||
ABS | FNB | NED | STD | AVG | |
High | R 85 | R 85 | R 60 | R 95 | R 82 |
Low | R 50 | R 50 | R 50 | R 50 | R 50 |
Average | R 61 | R 61 | R 53 | R 68 | R 61 |
Did not respond | 76% | 76% | 76% | 76% | 76% |
Recovery of FICA search costs | |||||
Individuals | Companies | Trusts | |||
High | R 250 | R 500 | R 500 | ||
Low | R 100 | R 100 | R 100 | ||
Average | R 170 | R 220 | R 220 | ||
Did not respond | 24% | 24% | 24% | ||
Firms that have increased the recommended tariff | 24% | ||||
Firms that charge a minimum fee | None | ||||
Discounting of fees | |||||
High | 33% | ||||
Low | 10% | ||||
Average | 20% | ||||
Did not respond | 29% | ||||
Percentage of firms which incentivise their secretaries | 29% | ||||
Ratio of senior secretaries to junior secretaries | 1 : 0.6 | ||||
Matter "legs" per secretary per month | |||||
A completed bond and a completed transfer each = 1 leg, while a cancellation = half a leg | |||||
High | 27 | ||||
Low | 3 | ||||
Average | 11 | ||||
How long will the property boom last? | |||||
Don't know | 43% | ||||
Over already | 15% | ||||
Less than 6 months | 15% | ||||
Less than 1 year | 15% | ||||
More than 1 year | 12% | ||||
Links to the regional results
Main survey results
Bloemfontein
Cape Town
East London
George
Johannesburg - East
Johannesburg - Sandton
Johannesburg - South
Johannesburg - West
Pietermaritzburg
Port Elizabeth
Pretoria
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