Veronica Cowan explains why it’s time for conveyancing firms to embrace digitalisation & adopt modern work practices
- The need to adapt and survive: to meet the demands of buyers and sellers of property and address the challenge of increasing consolidation within the sector.
The initial thrill of buying a house can fade with snail-paced conveyancing, and not knowing what is happening. Recent research by InfoTrack found communication issues affect many consumer property transactions, with huge demand for conveyancers to introduce technology to improve digital communication, to access real-time information about their transactions. Clients of Simply Conveyancing Property Lawyers, who have or can download the Alexa app, can ask questions at any time about their conveyancing transaction, through its integration into its internal system eConvey.
Other initiatives are on track: the most recent report from the Solicitors’ Regulation Authority on technology and legal services found technological innovations reshaping the sector, with the use of artificial intelligence becoming increasingly common. Andy Sommerville, director at Search Acumen, the property data insight and technology provider, comments: ‘Lawyers are increasingly using AI tools to analyse
