News release

Fee levels for next practising year submitted

Proposed fee levels for the practising year 2016/17 have been submitted to the Legal Services Board for approval.

Our Board set the draft fee determinations at its meeting on 13 July and these have now been sent to the LSB for a final decision. Practising fees are used to fund our work to pay statutory levies to the LSB, Legal Ombudsman and the Solicitors Disciplinary Tribunal, and to fund representation by the Law Society that meets the ‘permitted purposes' criteria in the Legal Services Act.

Fees are set at a level necessary to meet this total funding requirement. This year the individual fee has dropped from £320 to £290, while the total amount to be collected from all firms has also fallen.

Paul Philip, our Chief Executive, said: "I am pleased that practising fees will be reduced this year. We have reduced our operating costs year-on-year since 2014/15 and we are committed to pressing down further on costs, saving firms and solicitors money.

"I would encourage firms to use our fees calculator to help with future budget planning."

Compensation Fund contributions have also been set, and remain at £32 for individuals and £548 for firms.

Firms can see what their indicative fees are from using our fees calculator. This can be accessed via the fees policy page here:

Go to the fees policy page

 
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