News releases

Fees structure remains the same for 2013/14

The Solicitors Regulation Authority (SRA) has confirmed that its structure for setting practising fees in 2013/14 will remain unchanged.

The SRA's Board approved the approach when it met on 23 January. It is the third year in succession that the structure has remained the same.

The decision means the SRA will be:

  • Keeping the 60/40 Firm/Individual split of Practising Fees
  • Keeping the 50/50 Firm/Individual split of Compensation Fund contributions
  • Maintaining the Maternity Leave discount on Practising Certificates

The principles of the fee-setting structure include being fair to payers, being stable, and taking account of ability to pay. They also state fees should also be based on data that can be verified, and as simple as possible so that the profession can easily calculate contributions.

The wider fees review is being scoped at the moment with data gathering due to start in the spring. The SRA is looking to ensure that all administrative charges and application fees made are aligned with the cost incurred to the business.

The Authority also wants to be more be transparent in how and what it charges, and is looking at the apportionment of its annual charges covering the cost of regulating the profession. 

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