News release

Fees information now available

We have published this year's initial fees calculator to give firms an idea of their costs for practising in 2016/17.

The calculator and other information on fee determinations can be accessed here:

Go to the fees page

Practising fees are set at a level necessary to meet the total funding requirement set by the Law Society Council. The fees are used to fund our activities, to pay statutory levies to the Legal Services Board, 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.

We have proposed to keep down our net funding requirement - falling from £54.1m in 2015/16 to £53.5m in 2016/17. The proposed individual fee is to come down by £30 to £290.

Paul Philip, SRA Chief Executive, said: "We know that planning ahead is a key part of effective budget management. Producing the initial fees calculator gives firms a good idea of what practising will cost in the next financial year.

"I am pleased that we have reduced our costs further this year and been able to pass on those savings through the practising fees. We are committed to pressing down further on costs, saving firms and solicitors money"

The SRA Board agreed the draft budget requirements at its meeting on 1 June. Fee determinations will be agreed on 13 July and the full Law Society Group funding requirement on 14 July, and then put forward to the Legal Services Board for final approval.

We have worked with the Law Society to launch a consultation on fee levels, which is available here:

Go to the consultation

It runs until 7 July.

 
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