We recently reported on the disaster that was Veyo, the Law Society's failed attempt to introduce an electronic portal into the conveyancing market which cost solicitors a whopping £7m.
Yesterday the Law Society of Scotland showed how it maybe should have been done by announcing the partnership outlined below. Working with specialist solicitors and an IT company already embedded in the property market? What a revolutionary idea!
And I bet it won't cost £7m.
The Law Society of Scotland has formed a partnership with the ESPC (Edinburgh Solicitors Property Centre) and BDP Estate Agency Software, to deliver a one-stop-shop digital platform for property solicitors. The online system, Altis, which is due to go live this spring, aims to speed up the Scottish conveyancing process as well as provide a secure and transparent environment to store all the information relating to clients and their properties.