Artificial intelligence and the business of conveyancing
How Artificial Intelligence Could Cut Conveyancing Labour Costs Within Five Years, and the Business Plan That Gets You There Labour is the largest cost in almost every conveyancing practice. Artificial intelligence is now automating the administrative layer where most of that labour is spent. A reduction of around thirty per cent in labour cost per transaction is no longer a futurist's slide. It is a planning assumption. The firms that treat it as one will set the price. The rest will spend the next five years explaining why they cannot match it. The conveyancing profession has spent the past two years discussing artificial intelligence in the abstract. The conversation has been about pilots, about caution, and about whether the technology is genuinely ready. That conversation is now behind the curve. The serious question for any firm is no longer whether artificial intelligence will change the economics of conveyancing. It is how far, how fast, and whether your firm will be the o...
