Moving toward a fairer fee policy – detailed proposals
The SRA has published detailed proposals for a new structure for paying for the regulation of solicitors.
A new consultation paper sets out their preferred model for sharing the costs of regulation, following responses to an initial paper published by the SRA and the Law Society in June, and gives examples of how the new structure might work for different sizes of firms.
The SRA and the Law Society believe that the current system, in which costs are allocated through the practising certificate fee, leads to anomalies and unfairness — with firms of similar size, turnover, and types of practice paying widely varying fees.