Conveyancing software firm unveils new AI partnership

Search Acumen has announced a new partnership that aims to accelerate the adoption of artificial intelligence (AI) in conveyancing

Property data, insight and technology provider Search Acumen has teamed up with Avail, an AI-powered title document risk analysis platform for lawyers.

The new partnership means Search Acumen can combine its property data knowledge with Avail’s legal expertise, particularly in relation to legal title analysis. 

Avail’s AI platform is designed to simplify the search, purchase and analysis of HM Land Registry (HMLR) title documents, producing a range of instant client friendly reports.

It also accelerates property scoping with cutting edge tools such as an instant digital PN1 search. 

Search Acumen also uses AI within its end-to-end digital due diligence platform for residential and commercial property transactions. 

Its technology currently captures over 500 layers of essential property data, digitally and on-demand.

Search Acumen’s research has calculated that the average conveyancing firm stands to save 115 hours a month through automation, adding up to a saving of more than eight million hours each year across the sector through digitisation.

Its latest Conveyancing Market Tracker highlighted growing demands on conveyancing firms, with annual property transactions having nearly doubled in the past decade while the volume of active firms has decreased by 10% over the same period.

Andrew Lloyd, managing director at Search Acumen, said: “It has never been more important to reduce the strain on property lawyers through technology than it is now.

“Entering into this exciting new venture with Avail will enable us to accelerate our vision to increase digitisation across the sector. 

We want to help lawyers do things faster and smarter. This partnership will strengthen our ability to present the most efficient and effective methods to achieve this goal.

“This partnership continues our strategy to collaborate with like-minded, innovative firms to give a rounded all-in service to our customers that grasp the possibilities of emerging tech like AI and blockchain. Search Acumen is focused on pushing back the boundaries of 21st century conveyancing to help our clients to support their businesses and ultimately satisfy their clients.”

Dom Conte, Avail’s chief product officer, added: “We know property due diligence is ripe for disruption, and Search Acumen’s vision for using data and AI to turbocharge the industry is exciting. Avail has found a kindred spirit in this philosophy.

“By combining best-in-class search with best-in-class AI tools, we can’t wait to explore how this partnership will deliver genuinely game-changing services to our customers.”