Fee levels set, and calculator published

News

Individual practising fee levels for 2020/21 should again remain at the same level of £278 for the fourth year running.

Firm fees are calculated on a case-by-case basis, and this year’s fees calculator is now live. It can be found here:

Go to the fees calculator

Practising fees are used to fund our work and to pay statutory levies to the LSB, the Legal Ombudsman, the Solicitors Disciplinary Tribunal and Office for Professional Body Anti-Money laundering Supervision and to fund representation by the Law Society.

Fees are set at a level necessary to meet this total funding requirement. For 2020/21, the net funding requirement is £101.2m, which is a 1.3 per cent decrease from £102.5m in 2019/20.

SRA Compensation Fund contributions for the next practising year are set to fall, from £60 last year to £50 this year and for firms holding client money from £1,150 to £950.

Further information on fees and Compensation Fund contributions can be found here.