247legal.com.au has established online business methodologies for delivering contract and vendor statements digitally. My law firm Hayton Kosky is the trial guinea pig for testing the effectiveness of the system. I have been trialing the vendor disclosure module for the last 12 months. The last 6 months it has really hit home the effectiveness, the efficiencies and acceptance of the model by estate agents, clients and my legal staff. Every month for the last 6 months I have been setting new records for new business and this is essentially based on referrals from estate agents that have embraced the 247 system.
This January (2006) there was a 300% increase in business (new files opened) over January 2005. There has been a consistent increase in files opened. The volume of files is only a pinprick, but they form the blueprint for other lawyers and conveyancers to follow. See comparative table above.
The 247 system will be ready for launch for lawyers and conveyancers following some critical development with GXS / GlobalX, feedback from members and some further testing.
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