White Label Conveyancing Oct 20, 2020
Is conveyancing profitable for your firm? It can be a tough nut to crack – this blog we dive into white label solution for conveyancing – how can Team SBA support Conveyancing Lawyers or help with a new revenue stream all at a fraction of the price!
Conveyancing is the legal process of transferring property ownership from one party to another. It is a comprehensive process that ensures the buyer is protected and aware of any potential issues with the property before finalising the purchase.
During the conveyancing process, various legal tasks are carried out to ensure a smooth and lawful transfer of ownership. These tasks may include conducting property searches-like title searches or verifying the ownership and any encumbrances on the property. The conveyancer or solicitor representing the buyer also examines the legal documents, surveys, and inspection reports related to the property to identify any potential issues or risks.
The net margin on conveyancing transactions can vary depending on factors such as operational efficiency, overhead costs, and market conditions. With a net margin of 10- 30 per cent on every conveyancing transaction is essential, profitability can be a challenge for many. White label Conveyancing, on the other hand, is a strategy where a company offers a product or service created by another company under its own brand. This strategy allows businesses to enhance their offerings, increase revenue streams, or scale their capacity without incurring significant fixed costs. In the context of conveyancing, white labelling conveyancing enables a firm to maintain its brand while leveraging the expertise of a specialised provider.
How does White Label Conveyancing help a Law Firm or a Conveyancing Business?
White-labelling conveyancing can maintain a firm’s brand while leveraging the expertise of a specialised provider. Through the white label solution, Team SBA’s conveyancing team becomes the client’s conveyancing team. They handle the conveyancing file, while the client only interacts with the firm’s brand. Team SBA’s lawyers and paralegals directly engage with the client, supporting their loyalty and engagement.
This solution complements existing conveyancing teams, allowing for scalability without the need for additional staff or increased fixed costs. Alternatively, for firms without a conveyancing team, the white label service can unlock a new revenue stream.
White Label Conveyancing with Team SBA
For a fee of $400 plus GST, a law firm or conveyancing business can access a dedicated paralegal team based in Melbourne, overseen by a senior lawyer.
For less than $90 plus GST, the law firm or conveyancing business can leverage SBA’s Indian Team (or, as we like to call them, The Away-Team) to complete 60% of the work involved in a conveyancing file. This includes matter opening, ordering searches, preparing letters, and handling procedural aspects of conveyancing transactions.
Team SBA’s white-label conveyancing service is compatible with major practice management systems used by firms across Australia, providing peace of mind and seamless integration.
Team SBA’s benefits:
- Enhance margins on conveyancing transactions.
- Introduce a new revenue stream to the practice.
- Scale conveyancing capacity without increasing fixed costs.
- Increase the overall value of the practice through additional revenue opportunities.
Speak to us today to see why large number of law firms are already understanding the benefit of Team SBA’s white label conveyancing.