Hear me out, @LawSocietyofBC - if and when this comes to Canada, a Law Society escrow service to make electronic transfers between trust accounts a breeze. @Steve_McKoen @b_greenberg @A2JamieMac https://twitter.com/stratechery/status/1334513426018803714
Visibility into non-client specific transactions for compliance, security control, and better user experience. Trust cheques are an enormous hidden burden on the whole system.
Alternatively, create a lawyers only credit union. If it later expanded to realtors and notaries, that would also be hugely beneficial.
Great thread from @patio11 about some of the fintech issues. Even a small conveyancing firm could have $150M go through its trust accounts in a year so maybe there's a viable profit basis for a totally private escrow service: https://twitter.com/patio11/status/1334518202886328320