Conveyancing conundrum: Selling out or staying put
BURDENED by a minefield on AML/CTF obligations, “the emotional toll is substantial” as business restructuring becomes a real possibility for conveyancers. High risk, low returns and 20 years of compliance creep are pushing smaller conveyancers to reconsider their future options, according to industry experts. “I think there are increasing pressures encouraging sole practitioners and smaller firms to consider merging or leaving the industry,” said Sue Mosely, from Hunter Conveyancing, who helps mentor a group of nine small operators in the Newcastle region. “There ha