Collaborative Conveyancing hits key milestones to develop AI solutions for conveyancers

Collaborative Conveyancing Limited, the conveyancing technology pioneer, has won a substantial Innovate UK grant in partnership with the Hartree Centre, and completed a fund-raising round to enable it to further develop its work to help conveyancers reduce the pressures in the system through its AI solutions.

The investment will allow the technology company to further develop its system to use AI to build semi-automated solutions to the plethora of enquiries that cause so much delay and stress, many of which are purely administrative in nature.

Karen Babington, a Founder of the business and investor, said:

“Last year we secured a strong collaborative relationship with Simplify which gave us the confidence to really focus on this problem.

“The investment and grant endorses the work we are doing.”

David Grossman, CEO of Simplify, commented:

“Simplify are delighted to have contributed to the progress of this exciting project and to have supported the successful grant application.

“We look forward to working with the Collaborative Conveyancing team as they develop their innovative solution to improving the process of dealing with enquiries.”

Founded in 2022, Collaborative Conveyancing are an innovative, UK-based, technology company with the sole focus of solving the long-standing conveyancing enquiries problem.

By applying workflow automation with Artificial Intelligence and Natural Language Processing to conveyancing, the team are building an automated solution for property lawyers that reads inbound enquiries, classifies them, and structures responses. This in turn reduces complexity, improves efficiency and visibility, and crucially expedites the home buying process, shortening the entire conveyancing process.

Collaborative Conveyancing hits key milestones to develop AI solutions for conveyancers

Chris Harris

Chris Harris, one of the Founders and an entrepreneur in the conveyancing market, says:

“There has been significant commentary and discussion about the increase in conveyancing enquiries and the bottleneck in the home buying process causing substantial stress and pain.

“The press is full of developments in AI. So, we are bringing all the best of AI and language processing to help alleviate the problem.

“After a year’s hard work, we are so proud that our early work is recognised by Innovate UK as having the potential to make a substantial difference.

“Our solution focusses on supporting conveyancers when dealing with the overload they face whilst remaining at the heart of the process, so they can do the job they were trained for.”

Dr. Rob Firth, Senior AI Research Scientist at the Science and Technology Facilities Council (STFC) Hartree Centre, added:

“I’m excited to be working again with the team in scaling up and pushing the performance of the AI components through this work.

“The field of Natural Language Processing is moving very fast, and we have only begun to discover what these technologies can do.

“This project builds on proof-of-concept work completed as part of the ERDF-funded Cheshire and Warrington 4.0 (CW4.0) project, supporting SMEs to use digital technology.”