Conveyancing Vacancies Grow Exponentially

Conveyancing jobs have doubled since the end of July, according to the Indeed website.

Over the last few months, Today’s Conveyancer has been observing and monitoring the number of recruitment adverts that included the term ‘conveyancer’ had been placed on the Indeed website – and since the end of July until towards the end of this month job roles advertised have seen over a 100% increase.

At the end of last month, we reported that in only 4 weeks there had been a 59.8% rise in conveyancing jobs.

The HMRC transactions data, that was released this week, shows a continued uptick in demand – revealing the property market in England and Wales was 15% busier in August than July, indicating Stamp Duty holiday is a major contributing factor to the rise.

In the last few months, the UK property Market has experienced a large surge in the number of sales agreed in July and August, totalling more than £37 billion, this is stark contrast to the summer sales lull that is usually experienced in previous years.

According to Rightmove monthly house price index, the rush of activity we have seen post-lockdown is the highest number of homes being put up for sale since March 2008.

The same message has been echoed by property professionals, such as conveyancers and estate agents who have also reported a huge growth in workload.

For Lloyd Davies Managing Director of The Conveyancing Academy and Convey Law, the surge in demand is an opportunity for many firms to upskill existing staff for free with the new government funding schemes.

In the last week The Conveyancing Academy has developed and launched the first Level 3 practical conveyancing course in the UK – the Level 3 Practicing Conveyancer Legal Diploma.

The course is ideal for Trainee Solicitors and new and non-qualified conveyancers alike, with 110% government funding available in England and Wales for the first time until the 31st January 2021.

Commenting on the development of the course and the benefits he has seen whilst testing it within Convey Law, Davies says

“We have developed a very practical conveyancing course, which allows us to train complete novices into competent and confident conveyancers in less than 6 months. Over a 12 month period these young trainees become “King Kong Conveyancers” with their own caseloads covering all aspects of residential conveyancing.

“We were frustrated at the lack of practical training courses in the market and so we developed our own.  It is all online, using videos and concise, practical written material, which incorporates best practice and the legal issues that conveyancers regularly encounter.

“With a lack of Conveyancers in the industry, the course has allowed us to expand our business and cope with demand while developing – and retaining – our staff.”

Yesterday, Rishi Sunak unveiled an emergency jobs scheme which will see continual top up to employees’ wages who have not been able to return to the work full time because of coronavirus.
In order to stop mass job cuts, the alternative Job Support Scheme will be introduced on the 1st November, which will replace the current furlough scheme, due to end on the 31st October.
The new scheme is proposed to give workers three quarters of their normal salaries for a further six months.

According to official figures there is nearly 3 million workers (which equates to 12% of the UK’s workforce) currently on partial or full furlough leave.

Mr Sunak said the new scheme would “support only viable jobs” whereas the existing furlough scheme has only kept jobs going because the government has been subsidising the wages over the last 6 months or so.

However, at a recent press conference, Mr Sunak refused to comment on what he meant by “viable jobs”.

Sunak commented by saying:

“It is not for me to sit here and make pronouncements on every individual job.

“What I want to be able to do is to provide as much support as possible given the constraints we operate in. We obviously can’t sustain the same level of things that we were doing at the beginning of this crisis.”

“The primary goal of our economic policy remains unchanged – to support people’s jobs – but the way we achieve that must evolve.”

“I cannot save every business, I cannot save every job.”

28th September 2020