In uncertain and complex business environments law firms need to develop robust business strategies and technology is a significant factor in success or failure in this environment. Survival in the new conveyancing environment will involve abandoning paper-based routines, acquiring expertise in the management of digital systems and facing formidable new competitors.
Some virtual law firms have embraced the future and are thriving. The TransAction Plus vision will mean common conveyancing protocols, offering a much more open and transparent system for clients, and completion-ready packs, enabling estate agents to use a seller's solicitor to deal with the home information pack and allowing the profession to offer a consumer-friendly alternative to the basic HIP.
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