5 reasons why digital connectivity should be a priority for all conveyancers
The importance of digital connectivity for the future of conveyancing The property market is a diverse ecosystem of multiple professions operating independently. Estate agents, conveyancers, mortgage brokers and lenders provide individual services throughout a property transaction, but unlike other industries such as banking, they aren’t connected by a universal digital network. The lack of digital […]
MoJ to investigate standardisation of e-signatures
An Industry Working Group of experts has been formed to improve standards, reliability and security in electronic signatures. The Ministry of Justice has published details of a newly-formed Industry Working Group of experts that aims to improve standards, reliability and security in electronic signatures and other means of legally executing documents. The group was created […]
The importance of client-facing technology for law firms
The global pandemic has shown that the way clients want to communicate with their law firm has changed. The pre-pandemic model of clients turning up at the office and accessing legal services via traditional means is largely a thing of the past. Clients are embracing the digital shift. They now expect a better service, often […]
The rise of cyber-criminal threat for law firms since Covid-19
The global coronavirus pandemic, and the rise in people working from home, has unfortunately provoked a growth in cyber-crime. The UK Government estimates that the cost of cyber-crime is £27bn per annum. The legal sector handles sensitive data and large financial transactions, which makes it an attractive target for cyber criminals, who are constantly looking […]
Are conveyancers losing money due to an outdated onboarding process?
Business leaders significantly underestimate how much inefficiency is costing them. It’s too easy to ignore the bigger picture and stick with an “it’s not perfect, but it works” attitude. But what if fixing that imperfect process unlocked 15% more capacity for you to take on extra clients without increasing your workforce? What would that look […]
Why it’s time for lawyers to part with paper
Lawyers do not become legal practitioners to do paperwork, but when managing heavy workloads, it can sometimes be hard to think about innovation and adopting new processes. This can lead to frustrations as a result of inefficient practices that impact service delivery and slow down transaction times. Covid-19 has only served to aggravate the pitfalls […]
Cashroom’s latest integrations offer seamless financial support for law firms
The leading outsourced legal accounting, cashiering and compliance expert has partnered with four popular practice management systems (PMS) to offer seamless legal accounting support for firms across the UK. Cashroom has announced new integrations with Clio, Denovo, Klyant, and coming very soon LEAP, which are some of the country’s most intelligent legal technology systems helping […]
How to create more time for your conveyancers through digital transformation
Numerous conveyancing companies are still reluctant to embrace AI and automation, despite the huge benefits digital transformation can unlock. Process and workflow automation increases efficiency, reduces cost, minimises error and improves the experience for customers and employees. All of this inevitably leads to increased revenue and profit. In this blog, we’re looking at some of […]
Blockchain making progress in agency market
Blockchain technology provider Coadjute has announced further progress with estate agency software vendors as it ramps up its efforts to connect the disparate parts of the home-moving process. Claiming to halve the time it takes to move home, it has announced Agent Hub, Power Bespoke, Rex and Veco by Eurolink will all join existing providers, […]
Most lawyers want flexible working and less time in the office
A report from Thomson Reuters reveals that less than one in ten legal professionals want to return to working regular hours in the office, and would instead prefer to spend over two days a week working remotely. According to research by Thomson Reuters which analysed data from 2,500 legal professionals, 63% of lawyers are requesting […]
The Digital Solicitor Podcast: How the LEAP Best Practice Standard helps conveyancers earn more money
The Digital Solicitor Podcast: How the LEAP Best Practice Standard helps conveyancers earn more money The LEAP Best Practice Standard for conveyancers was set-up four years ago as an accreditation mark of excellence achieved by law firms using LEAP’s innovative technology. Through its use of independent, remote and specialist audits, achievement of the standard shows […]
How to ensure your law firm is attractive to the millennial purchaser
Millennials are now aged between 25 and 40. And as this group makes its way up the career ladder, the millennial pound is strengthening as the generation enters its prime spending years. As such, millennials should be a target customer group for most legal businesses. According to recent reports, over 50% of first-time home buyers […]
What’s happening with electronic signatures in the property market?
Following the introduction of electronic signatures last year, HM Land Registry provides an update on this revolutionary step in the property market for Today’s Conveyancer. One year ago, we took a revolutionary step that allows deeds signed using an electronic signature to be registered. This was the first time in the history of HM Land Registry (HMLR) that non-mortgage deeds signed using electronic signatures, […]
FREE WEBINAR: Discover powerful digital onboarding with eCOS from InfoTrack
eCOS provides a digital solution for tackling the key onboarding processes within a single, unified platform. Connecting firms with consumers, you gain access to bank-grade digital verification tools, including verification of identity and source of funds, access to Law Society TA forms and onboarding questionnaires, as well as client care letters with electronic signatures through […]
A brilliant workflow for your onboarding is just a click away
Protecting against fraud and ensuring your clients are who they say they are can be challenging. But with all solicitors required to carry out proper identity checks, and the Safe Harbour Standard for conveyancers setting a new benchmark for the profession, failing to verify isn’t an option. Nevertheless, authentication takes time, and the process can […]
“Lawyer certification” could help HMLR submissions
HM Land Registry has released its 2021-2024 Business Plan in which the plan to move further toward automated registrations, is outlined. The plan identifies 4 key elements in automating the process digital applications trust in the application information register data must be machine readable application processing must be automatable it also suggests a pilot “lawyer […]
Digital ID Trust Scheme on trial in 11 locations
Estate agents, licensed conveyancers, solicitors and mortgage intermediaries operating in Battersea, Chiswick, Clapham, Putney, Wimbledon, Richmond, Kew, Cheltenham, Gloucester, Harrogate and York are to be the first to benefit this year from trials of a new digital identity trust scheme to make home buying and selling a quicker and more secure digital process. These geographical […]
How will pandemic lessons shape the future of conveyancing?
InfoTrack’s Bronwyn Townsend and Osprey Approach’s Amy Bruce consider the behavioural changes and alternative processes that have been adopted by the conveyancing industry since March 2020. They share their views on whether these changes should be embedded into everyday practices, and if so how. The past 18 months have presented unique challenges for conveyancing departments. […]
LB-Connect – The final piece in the property puzzle
Legal Bricks has launched LB-Connect – “The final piece in the property puzzle”. Our solution offers law firms an intuitive white labelled platform, which specifically deals with client on-boarding and aims to reduce transaction times, increase efficiencies and reduce errors. What’s the aim of LB-Connect? In the digital age of immediacy where there’s an expectation […]
LawTech must comply with highest ethical standards
The Law Society of England and Wales has published the outcomes from its LawTech, Ethics and the Rule of Law discussion paper, unveiling a set of principles and guidance that would be beneficial for the solicitors’ profession. In the face of Covid-19, the justice system moved online, pushing the profession to modernise quicker than expected. […]