tag:blogger.com,1999:blog-1293541051800644281.post6286910716154045418..comments2023-12-05T11:15:10.915+00:00Comments on Solicitors News: Open Letter to the President of the Law Society - Conveyancing FeesUnknownnoreply@blogger.comBlogger3125tag:blogger.com,1999:blog-1293541051800644281.post-47759151781872329422015-09-09T17:59:11.291+01:002015-09-09T17:59:11.291+01:00The point of this letter is to highlight 1) the ma...The point of this letter is to highlight 1) the marked difference between the fee charged by a conveyancer and the fees charged by others involved in the process ( e.g agents and surveyors and IFA's ) and 2) the ridiculous premiums demanded by our professional insurers. If the consensus is that our professional body has done enough to protect the conveyancing community then so be it. I don't subscribe to that view and I am certain there are a large number of conveyancers out there who feel the same way. <br /><br />This is not a question about the level of fees charged as many business can charge lower fees due to efficiency savings, its about standing up and demanding to be viewed as something other than the poorest paid component in the home selling and purchasing process. Moreover a lower fee does not equate to a poor service; on the contrary an efficient run organisation can not only offer competitive pricing but can also provide a proficient and highly regarded service. <br /><br />David Petthttps://www.blogger.com/profile/05224846621053203356noreply@blogger.comtag:blogger.com,1999:blog-1293541051800644281.post-46398068015974704342015-09-09T17:40:04.561+01:002015-09-09T17:40:04.561+01:00How much has the Law Society invested in Veyo?
GO...How much has the Law Society invested in Veyo?<br /><br />GOOD QUESTION - PROBABLY TOO MUCH<br /><br /><br />Was any thought given at the time Veyo was conceived about spending the money on forming a strategy to see how the difference in value attached to the fees of a professional conveyancer and those of estate agent and other property professionals could be addressed? <br /><br />NO - IT WAS BORN OUT OF A DETERMINATION TO COMMERCIALISE EVERYTHING AT TLS - RILIANCE IS ANOTHER (BUT BETTER) EXAMPLE, AS IS THE SELLING OF PREFERRED SUPPLIER ARRANGEMENTS WITH IT PROVIDERS AND ACCOUNTANCY FIRMS. WITH NO TRACK RECORD IN NEW-START IT BUSINESSES, TLS HAS TAKEN A BIG RISK - WITH MEMBERS' MONEY.<br /><br /><br />Why is it that as a profession our indemnity insurance is one of the highest when compared to other professionals?<br /><br />BECAUSE THE CLAIMS ARE HIGHER - SIMPLE<br /><br /><br />Do you consider the Law Society has discharged its duty to its members by failing to protect its members who undertake conveyancing from suffering a severe erosion in the level of their fees at a time when the burden of compliance and other risk management has increased substantially?<br /><br />THE PROFESSIONAL BODY CANNOT BUCK THE MARKET OR RESTORE PAST MONOPOLIES<br /><br /><br />Finally, what do you intend to do to make sure action is taken to address this concern?<br /><br />WHAT DO YOU THINK TLS SHOULD (OR EVEN COULD) DO?<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1293541051800644281.post-81543850973082741522015-09-09T17:22:49.809+01:002015-09-09T17:22:49.809+01:00I'm afraid there's only one sensible quest...I'm afraid there's only one sensible question on this list, and that's the one asking the Law Society to reveal how much money has been invested in Veyo, which seems to have lost all its staff and has just appointed a turnaround specialist as its new chairman. Members would be entitled to be concerned that this investment has been disastrous, especially with the Legal Software Suppliers Association announcing an intention to launch a rival, free product.<br /><br />The rest of this Canute-like tirade is pitiful - if you can't do the work profitably, don't do it. Many firms make good margins by refusing to join the race to the bottom on price, and concentrate on a quality offering instead. Only the biggest operators with a cost leadership strategy can ever succeed that way. Be the excellent local butcher with a queue outside your door, selling less, to fewer people, but at higher margins, rather than the price-slashing supermarket courting the masses. <br /><br />But I do feel sorry for the member of staff who had to be 'emptied' (sic)Anonymousnoreply@blogger.com