Conveyancers’ output increases by 69% since 2012
The number of conveyancing cases has risen by 69% in four years from 71 cases a year in 2012 to 120 cases a year in 2016.
The latest Conveyancing Productivity Index by Search Acumen shows that conveyancers are now completing an average of 10 more cases year-on-year.
This increase in productivity has been a result of an 11% drop in the number of conveyancers since 2012 and a sharp rise in the number of transactions.
Andrew Lloyd, managing director at Search Acumen, said: “Conveyancers are doing more than their fair share when it comes to addressing the UK’s ‘productivity puzzle’.
“However there is more work to be done but fewer conveyancers to work on it which is a concern because ultimately it’s homebuyers who will suffer.
“Harnessing technology is a vital part of enabling conveyancers to meet this growing demand while ensuring they’re not compromising the quality of their work and don’t fall victim to avoidable delays.”
The index measures the industry average for completed transactions per conveyancer and how this is evolving over time.