E-Conveyancing: Time is of the Essence
Peter Sedunary, Director, Network Lawyers
26 October 2017
As electronic conveyancing continues to gather momentum, legal practitioners are being forced to modify their day-to-day business processes.
Legal firms and conveyancing practices have traditionally relied upon the support of a city-based agent to attend property settlements, process stamp duty and register legal documents. However, the new digital way of doing business will see these responsibilities fall back on the practitioner.
Just as well property lawyers and conveyancers are renowned for having plenty of spare time… <cue darting eyes and nervous tug at collar>.
When the curtain finally comes down on paper settlements, practitioners will need to ask themselves whether or not they are adequately equipped to transact in the electronic space.
Victorian practitioners are already feeling the effects of this since the introduction of the digital duties form in July 2017. Aside from having to register with Duties Online, there is data entry, constant revoking, editing and accepting the form with each change, all before a settlement statement can be produced.
Moreover, practitioners transacting via PEXA will be familiar with the need to continually monitor the workspace to ensure that all parties are on track for settlement.
Can you see where I’m going with this? Ah yes… time for a shameless plug.
Rather than investing significant time and resources setting up for electronic conveyancing processes, many firms around Australia are currently engaging Network Lawyers.
Network Lawyers provides electronic conveyancing support which allows practitioners more time to concentrate on the fundamentals of their business.
Digital duties forms, electronic lodgements and PEXA settlements can all be outsourced to our experienced team.
Network Lawyers provides friendly, professional service and we welcome any new enquiries.