The average law firm is handling more conveyancing transactions than in 2007 due to market mergers and exits, a report from a search provider has found.

Conveyancing activity in 2014 fell 23 per cent short of the heights of 2007 but, with fewer competitors in the market, the average number of transactions per firm reached a ten-year high according to the first edition of Search Acumen's Conveyancing Market Tracker.

The tracker draws on ten years of Land Registry data since 2005 to assess market conditions and also gauges the outlook for growth among conveyancing firms in the early part of 2015.

In 2014, the total number of firms active in the market was 5,871, down a quarter (24 per cent) from the 7,733 seen i...

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