Fee levels set, and calculator published
07 August 2020
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:
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.