Demise of Veyo is good news for the industry say Redbrick Solutions

Print This Post

17 December 2015


Redbrick200The recent announcement from the Law Society that it was winding up the much hyped Veyo ‘e-conveyancing platform’ was widely lambasted by the conveyancing profession after they had invested a reported £11m into the failed solution with little or no consultation from conveyancers.

The announcement in December came after months of silence from the Law Society and the swift departure of their management team back in July.

Redbrick Solutions say the announcement has led to a dramatic increase in new business orders for them, with four large firms signing up within days of the news in deals worth over £110k pa.

Martin MacDuff, managing director of Redbrick says “The premise of the Veyo offering showed promise at the outset and the concept of a chain view remains the holy grail for the sector, however, it soon became apparent that they had grossly underestimated the requirements of the conveyancing profession.

“Their marketing was too far ahead of the actual product development which only succeeded in causing disruption and confusion in the market.

‘Their announcement is good news for the industry because firms can now proceed with their preferred case management provider confident that they are making a sound decision to invest with firms who know the conveyancing industry, listen to their clients, and develop solutions that really make a difference to their business performance.

“Our clients report increased efficiencies and profitability of up to 40% with the use of our case management technology, so those firms that waited several months this year to proceed with us will undoubtedly have lost margin and competitive advantage as a result.

“It is good news for the industry as a whole, both conveyancers and software suppliers alike, that the distraction of Veyo has now been removed.”

 

 



Associate News is provided by Legal Futures Associates.
Find out about becoming an Associate



Legal Futures Blog

Rating lawyers by their wins and losses – a good idea?

Robert Ambrogi

Lawyers will give you any number of reasons why their win-loss rates in court are not accurate reflections of their legal skills. Yet a growing number of companies are evaluating lawyers by this standard – compiling and analysing lawyers’ litigation track records to help consumers and businesses make more-informed hiring decisions. The shortcomings of evaluating lawyers by win rates are many. Not least of them is that so few cases ever make it to a win or loss. Of equal concern is that, in the nuances of law practice, it is not always obvious what constitutes a win or a loss.

February 22nd, 2017