Practising fees will be unchanged for the practising year beginning this autumn, the Solicitors Regulation Authority (SRA) proposed today. If the proposals are adopted, the individual fee will remain at £320.
Compensation fund contributions would also remain unchanged at £548 for firms and £32 for individuals.
Practising fees are set at the level needed to meet the total funding requirement set by the Law Society Council.
The fees pay for the SRA, statutory levies to the Legal Services Board, Legal Ombudsman and the Solicitors Disciplinary Tribunal, and representation by the Law Society meeting the ‘permitted purposes’ criteria in the Legal Services Act.
Paul Philip, SRA chief executive, said: 'We are committed to making it easier for firms to do business, and keeping SRA costs down can only help. Maintaining practising fees and compensation fund contributions at the current level is, in real terms, a reduction.’