FILTERS:

Johannesburg - West

4 July 2005

Responses from 24 law firms, representing 59 partners, of whom 41 are conveyancing partners were received. The findings read as follows:

Internet connectivity
Permanent connection 92%
Dial up 8%
Recovery of Posts & Petties costs
Transfers Bonds Cancellations
High R 450 R 450 R 250
Low R 200 R 200 R 50
Average R 351 R 325 R 129
Recovery of Deeds Office search costs
High R 150
Low R 50
Average R 83
Did not respond 17%
Recovery of electronic bond instruction costs
ABS FNB NED STD AVG
High R 139 R 80 R 80 R 80 R 80
Low R 60 R 60 R 50 R 75 R 62
Average R 88 R 72 R 68 R 78 R 77
Did not respond 82% 82% 82% 82% 82%
Recovery of FICA search costs
Individuals Companies Trusts
High R 400 R 400 R 400
Low R 70 R 70 R 70
Average R 222 R 222 R 222
Did not respond 25% 25% 25%
Firms that have increased the recommended tariff 33%
Firms that charge a minimum fee 4%
Discounting of fees
High 50%
Low 10%
Average 17%
Did not respond 30%
Percentage of firms which incentivise their secretaries 58%
Ratio of senior secretaries to junior secretaries 1 : 0.7
Matter "legs" per secretary per month
A completed bond and a completed transfer each = 1 leg, while a cancellation = half a leg
High 33
Low 6
Average 19
How long will the property boom last?
Don't know 25%
Over already 25%
Less than 6 months 25%
Less than 1 year 4%
More than 1 year 21%

Links to the regional results
Main survey results
Bloemfontein
Cape Town
Durban
East London
George
Johannesburg - East
Johannesburg - Sandton
Johannesburg - South
Pietermaritzburg
Port Elizabeth
Pretoria

Submit your comment:
 
Name
EMail
Comments
Security Picture (click to change)
Word shown in picture: