Responses from 17 law firms, representing 86 partners, of whom 36 are conveyancing partners were received. The findings read as follows:
Internet connectivity | |||||
Permanent connection | 82% | ||||
Dial up | 18% | ||||
Recovery of Posts & Petties costs | |||||
Transfers | Bonds | Cancellations | |||
High | R 350 | R 350 | R 150 | ||
Low | R 114 | R 75 | R 35 | ||
Average | R 242 | R 200 | R 83 | ||
Recovery of Deeds Office search costs | |||||
High | R 205 | ||||
Low | R 24 | ||||
Average | R 95 | ||||
Did not respond | 6% | ||||
Recovery of electronic bond instruction costs | |||||
ABS | FNB | NED | STD | AVG | |
High | R 100 | R 80 | R 100 | R 100 | R 95 |
Low | R 44 | R 44 | R 44 | R 44 | R 44 |
Average | R 74 | R 74 | R 74 | R 74 | R 74 |
Did not respond | 82% | 82% | 82% | 82% | 82% |
Recovery of FICA search costs | |||||
Individuals | Companies | Trusts | |||
High | R 250 | R 500 | R 500 | ||
Low | R 100 | R 100 | R 120 | ||
Average | R 202 | R 247 | R 220 | ||
Did not respond | 17% | 17% | 17% | ||
Firms that have increased the recommended tariff | 17% | ||||
Firms that charge a minimum fee | 6% | ||||
Discounting of fees | |||||
High | 22% | ||||
Low | 10% | ||||
Average | 17% | ||||
Did not respond | 29% | ||||
Percentage of firms which incentivise their secretaries | 47% | ||||
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 | 32 | ||||
Low | 2 | ||||
Average | 11 | ||||
How long will the property boom last? | |||||
Don't know | 18% | ||||
Over already | 24% | ||||
Less than 6 months | 18% | ||||
Less than 1 year | 24% | ||||
More than 1 year | 16% | ||||
Links to the regional results
Main survey results
Bloemfontein
Cape Town
Durban
East London
George
Johannesburg - East
Johannesburg - Sandton
Johannesburg - South
Johannesburg - West
Port Elizabeth
Pretoria
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