FILTERS:

Pietermaritzburg

4 July 2005

Responses from 17 law firms, representing 86 partners, of whom 36 are conveyancing partners were received. The findings read as follows:

Internet connectivity
Permanent connection 82%
Dial up 18%
Recovery of Posts & Petties costs
Transfers Bonds Cancellations
High R 350 R 350 R 150
Low R 114 R 75 R 35
Average R 242 R 200 R 83
Recovery of Deeds Office search costs
High R 205
Low R 24
Average R 95
Did not respond 6%
Recovery of electronic bond instruction costs
ABS FNB NED STD AVG
High R 100 R 80 R 100 R 100 R 95
Low R 44 R 44 R 44 R 44 R 44
Average R 74 R 74 R 74 R 74 R 74
Did not respond 82% 82% 82% 82% 82%
Recovery of FICA search costs
Individuals Companies Trusts
High R 250 R 500 R 500
Low R 100 R 100 R 120
Average R 202 R 247 R 220
Did not respond 17% 17% 17%
Firms that have increased the recommended tariff 17%
Firms that charge a minimum fee 6%
Discounting of fees
High 22%
Low 10%
Average 17%
Did not respond 29%
Percentage of firms which incentivise their secretaries 47%
Ratio of senior secretaries to junior secretaries 1 : 0.6
Matter "legs" per secretary per month
A completed bond and a completed transfer each = 1 leg, while a cancellation = half a leg
High 32
Low 2
Average 11
How long will the property boom last?
Don't know 18%
Over already 24%
Less than 6 months 18%
Less than 1 year 24%
More than 1 year 16%

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

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