Legal firms could save nearly 130 hours per month accessing property transaction data via AI tech, according to Search Acumen and Avail Title

Search Acumen’s property data expertise and Avail Title’s experience with title document risk analysis are being brought together to support legal teams by streamlining the property transaction process.

Both companies make use of cutting-edge, AI-enabled technology to quickly analyse and digitally display information required by property lawyers when carrying out transactions.

Search Acumen’s research has calculated that the average law 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.

Avail has calculated that each lawyer can save 14 hours a month through use of Avail Title.

The integration of Avail Title into Search Acumen’s platform gives lawyers access to a one-stop-shop, making the process seamless and efficient, streamlining their workflow. The companies claim it gives all the information needed to identify and communicate to clients on red flag issues, by accelerating their access to searches and titles, and providing easily digestible analysis of the problems at the beginning of their work on a property.

Search Acumen managing director Andrew Lloyd argues that the property industry, to its detriment, has always lagged behind other sectors in embracing technological advancement.

“Its use, specifically AI, is a vital and integral part of transforming the way the property industry functions, bringing it in line with other sectors. The integration of our offerings is another step towards our goal of achieving digitalisation in the property sector.”