New fee policy for 2010/2011
We have introduced a fairer fee system reflecting regulatory activity by allocating less of the cost to individuals and more to private practice firms. For more information, view our new fee policy.
2010/2011 fee structure - overview
Individuals (solicitors, RELs, RFLs) pay
Firms (recognised bodies and recognised sole practitioners) pay
There is a variety of ways to pay.
Individuals
Practising fee (practising certificate or registration)
A flat fee payable by every solicitor seeking a practising certificate and every recognised European lawyer (REL) and recognised foreign lawyer (RFL) seeking to register.
1 November 2010 to 31 December 2010 inclusive
|
1 January 2011 to 31 March 2011 inclusive
|
1 April 2011 to 30 June 2011 inclusive
|
1 July 2011 to 31 October 2011 inclusive
|
£428
|
£333
|
£238
|
£143
|
There are reduced fees for maternity leave as follows.
1 November 2010 to 31 December 2010 inclusive
|
1 January 2011 to 31 March 2011 inclusive
|
1 April 2011 to 30 June 2011 inclusive
|
1 July 2011 to 31 October 2011 inclusive
|
£238
|
£190.50
|
£143
|
£95.50
|
RFLs based mainly outside England and Wales will pay a reduced registration fee of £100.
Compensation Fund contribution
A flat fee of £10 is payable by each individual irrespective of whether they hold client money. The exception to this is CPS for whom there is a statutory exemption from paying this contribution.
Firms
Firm fee (recognition or authorisation)
The following banded turnover table is used to calculate each firm's fee.
Calculation of Turnover
Turnover Range (A)
|
Pay per cent* of Turnover within band (B)
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Minimum Turnover in band (C)
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Minimum Fee in Band (D)
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£0 - £19,999
|
1.10%
|
£0
|
£100
|
£20,000 - £149,999
|
0.65%
|
£20,000
|
£320
|
£150,000 - £499,999
|
0.63%
|
£150,000
|
£1,165
|
£500,000 - £999,999
|
0.60%
|
£500,000
|
£3,370
|
£1,000,000 - £2,999,999
|
0.57%
|
£1,000,000
|
£6,370
|
£3,000,000 - £9,999,999
|
0.39%
|
£3,000,000
|
£17,770
|
£10,000,000 - £29,999,999
|
0.33%
|
£10,000,000
|
£45,070
|
£30,000,000 - £69,999,999
|
0.30%
|
£30,000,000
|
£111,070
|
£70,000,000 – £149,999,999
|
0.27%
|
£70,000,000
|
£231,070
|
£150,000,000 +
|
0.10%
|
£150,000,000
|
£447,070
|
* per cent is equivalent to "divided by 100" (e.g. 0.65% = 0.0065)
The firm fee is calculated by following the steps below:
- Identify which band the turnover (T) falls in from column A.
- Take T and subtract the figure in the corresponding column C.
- Multiply this figure by the corresponding percentage in column B.
- Finally add this figure to the corresponding figure in column D.
- Firm fee then needs to be rounded to the nearest pound (i.e. if less than 50p then round down and if equal to or more than 50p then round up).
Formula: (T - C) x B + D
Example 1: For Turnover of £0:
(£0 - £0) x 1.1% + £100 = £100
Example 2: For Turnover of £200,000:
(£200,000 - £150,000) x 0.63% + £1,165 = £1,480
Example 3: For Turnover of £813,421:
(£813,421 - £500,000) x 0.60% + £3,370 = £5,250
Example 4: For Turnover of £279,123,528:
(£279,123,528 - £150,000,000) x 0.1% + £447,070 = £576,194
Firm Compensation Fund contribution
A flat fee of £120 will be payable by firms which hold client money.