Practising certificate fee consultation: 4 per cent cut proposed, down 28 per cent since 2014
This consultation is now closed.
Solicitors could pay £12 less for their practising certificate (PC) fee this year. The Law Society of England and Wales and the Solicitors Regulation Authority (SRA) today launched a consultation (PDF 612kb) proposing an individual rate of £278 per solicitor for 2017-18.
This is a reduction of four per cent this year thanks to efficiencies combined with a higher number of solicitors (on the roll and) paying the PC fee. Overall, the individual fee has reduced by £42 over the last two years, a reduction of more than 13 per cent. And since 2014 the fee has gone down by 28 per cent.
The practising fee includes levies for the Solicitors Disciplinary Tribunal, the Legal Services Board (LSB) and the Legal Ombudsman. This year an additional cost is also included in anticipation of the obligation to fund a new regulatory role created by the Financial Conduct Authority to focus on money laundering activity. The annual professional contribution to the Compensation Fund is not included in the practising fee consultation.
The consultation document provides a concise summary of the Law Society Group's budget proposals.
Responses to the consultation will be presented to the Law Society council at their 5 July meeting and shared with the LSB along with our proposal for the PC fee. As the oversight regulator, the LSB considers and approves the fee.
You can download the consultation document below and share your feedback via a short online survey - deadline for responses is midnight on Sunday 2 July.