Conveyancer output soars 69%

The average number of completed transactions per conveyancer has risen by 69% since 2012, according to the latest Conveyancing Productivity Index by Search Acumen.

Despite the total number of active conveyancers dropping by 11% to 17,964, productivity levels in the conveyancing market have risen from 71 cases a year in 2012 to 120 in 2016.

Between 2015 to 2016, the number of conveyancers dropped by 5%, while the number of transactions rose by 5%

The total number of sales and purchase transactions has risen by 51% since 2012 to 2.2 million in 2016.

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’.

“But many conveyancers are also feeling the pressure.

“They are facing a significantly demanding workload at a time when advances in technology are ramping up consumers’ expectations of the service they will receive.

“To put it simply, there is more work to be done, but fewer conveyancers to work on it.

“This is a concern because ultimately it’s homebuyers who will suffer.”

Conveyancers now complete a transaction every 2.1 days on average, down from 3.6 days back in 2012.

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