Data suggests conveyancers missing out on biggest digital opportunities

Data suggests conveyancers missing out on biggest digital opportunities

An early read of the data from the Digital Conveyancing Maturity Index points to the highest levels of digitisation among post-completion tasks, while pre-completion and client onboarding are significantly trailing in terms of their digital maturity.

The research by InfoTrack, that is still running, is being created with data submitted by Law Society, CQS, CLC, SLC, LawNet, The Conveyancing Association, and Bold Legal Group members. It enables them to assess their progress and benchmark themselves against similar firms and their wider competition.

Post-completion is leading the way with approximately one third of law firms attaining the highest possible level of digital maturity in this area. The trend towards fully digitising post-completion tasks aligns with the current HMLR mandate shifting firms to digital AP1 submissions from November. However, the initial data also indicates the huge room for improvement from client onboarding and throughout the bulk of the conveyancing process.

Sam Jordan, COO of Infotrack, stated:

“The increasing digitisation of post-completion is great but the missed opportunities in what are the most time and labour-intensive aspects of the conveyancing process are staggering. At this point pre-completion looks like it’ll be the least mature area. We’re talking about technology that’s freely available that would save a busy conveyancing team days, weeks, or even months over the course of a year though efficiency and accuracy gains.”

Law firms only have one week remaining to get their complimentary personalised report highlighting their areas of progression and opportunities for further advancement. The final report will be presented at The Digital Conveyancing Summit at the Law Society on Sept 28th.

Law firms can complete the Digital Conveyancing Maturity Index survey in approximately 10 minutes here. The reports are free and completely confidential.

This article was submitted to be published by InfoTrack as part of their advertising agreement with Today’s Conveyancer. The views expressed in this article are those of the submitter and not those of Today’s Conveyancer.

InfoTrack

http://wwww.infotrack.co.uk/

InfoTrack is pioneering the digitisation of legal processes. They provide a powerful suite of solutions across client onboarding, identity verification, e-signature, and conveyancing services. Their services help to assure compliance, enhance the client experience, and improve productivity within law firms. InfoTrack takes on the burden of paper-intensive, demanding administrative tasks within a single, award-winning platform. Providing best-in-class integration solutions with more than a dozen case management systems, as well as HMRC, HMLR, Companies House, and LMS. InfoTrack empowers firms to focus on delivering an exceptional client experience with every transaction. Onboard better: Digital client onboarding with InfoTrack eCOS (electronic Client Onboarding Solution) from InfoTrack brings together everything law firms need to digitally onboard clients, streamlining the process and saving weeks on every matter. The digital portal and app provide a fully branded digital onboarding service, including client care packs, Verification of Identity and Funds, onboarding questionnaires, and licensed Law Society TA forms in a single, unified platform. Discover eCOS now. Digital AP1s made easy InfoTrack has helped over 1,000 law firms submit 750,000 digital AP1s to HMLR via InfoTrack since 2016. As the most popular provider of digital AP1 submissions to HMLR, you can trust InfoTrack’s specialist AP1 experts will make switching stress-free. Find out more. Why should law firms choose InfoTrack?

  • InfoTrack enables end-to-end digital conveyancing through a single platform, including electronic client onboarding, automated report on title creation, digital AP1 submission, and LMS integration
  • Integration with CMS and all relevant conveyancing providers and government departments
  • Provides law firms with documentable evidence to support more than one third of the CQS assessment categories
  • Pay as you go, so you only pay for the services you use
  • Improves productivity, saves times, and minimises risk
  • Technology automates processes to enable firms to spend more time delivering quality client experiences
Key Services Key Contact Tel: 0207 186 8090 Email:sales@infotrack.co.uk Address InfoTrack Level 11, 91 Waterloo Road London SE1 8RT

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