Entering the market in late 2010 was not the easiest. The property market was in free fall and the recession was still biting. Every indicator was pointing to contraction and on the face of it this was not the time to look at expansion.
Not deterred however the partners in MJPconveyancing.co.uk decided this was the best time to invest in people and information technology and look to build for the future.
Partner, David Pett, explains:
“At the time of receiving my brief to reorganize and develop our conveyancing department we were operating with one conveyancer and two support staff. We were fixing fees in line with expectations that predated the rise in competition caused by the introduction of the Legal Services Act.
The philosophy was to ensure we could provide a service to our litigation clients who were looking for a conveyancing service. To be honest we had not idea whether we were making any money and as for case management this simply did not exist.
The first step was to invest money into creating a new case management system. Along with our IT programmer, Leon Williams, we designed and introduced a unique risk and case management system - Quick Conveyance. Straight away this put us in a position to develop a new low cost conveyancing model without having to make any sacrifices on risk management or the quality of service. It also gave me the tools to see how much money we were making and to ensure profit margins were maintained.’
The investment has clearly paid off for MJPconveyancing.co.uk . The business has gone from strength to strength and is now operating with six case handlers and a support staff of six. It s handling around 100 completions each month and has recently released a new website whereby instant quotes for conveyancing services can be sought.
The Partners are also looking to see if they can ‘resell’ to other conveyancers the risk and case management system – Quick Conveyance
The next stage in the plan is to operate the business as an alternative business structure which MJPconveyancing.co.uk hopes will be up and running in August of this year.
For further details of MJP Conveyancing or Quick Conveyance please email email@example.com