My firm merged (or split) in the last 12 months. Which turnover figure do I provide the SRA?
You need to complete a notice of succession form (NS1) signed by all affected parties and send it to us within 28 days of the change, if
- your firm has succeeded to the whole or a part of one or more firms, or
- your firm has split or ceded part of its practice to another firm(s) and wishes this to be considered by us.
We will ensure the turnover figure which is used to calculate your firm's annual periodic fee or regulatory fee, if your firm is a sole practice reflects the impact of the merger or split.
A glossary of terms and further guidance can be found in our NS1 guidance notes.
NS1 form and guidance