The index shows individual conveyancers completed 110 transactions across the year in 2015 which is a 55% rise from 2012.
Conveyancing productivity saw a 55% rise over three years according to the first Conveyancing Productivity Index by Search Acumen.
The index shows individual conveyancers completed 110 transactions across the year in 2015 which is a 55% rise from 2012.
Search Acumen’s data shows a considerable increase in conveyancers’ productivity levels as the housing market begins to recover but when the number of active conveyancers has dropped by 7%.
This index comes after Search Acumen launched a new online tool allowing conveyancers to compare their firm’s productivity against the industry average based on their output volumes.
Depending on the result, the tool then provides a personalised report with a useful checklist of recommendations on how to improve productivity.
Andrew Lloyd, managing director at Search Acumen, said: “To sustain the gains that have been made in recent years in an uncertain post-Brexit business environment, conveyancing firms will have to step up their efforts even more to stand out from the competition.
“As we approach the New Year, having access to the latest technology and ensuring the right processes are in place should be a top priority.
“Tools such as our productivity calculator are a simple and effective way for conveyancing firms to benchmark their company’s operating levels against the rest of the industry.”
Over the last three years, the biggest surge in conveyancers’ workload came between 2013 and 2014 when productivity jumped from 85 transactions a year to 109.
Between 2012 and 2015, the combined total of purchase and sales transactions rose by 44% to reach the highest point since comparable records begin in 2008.
