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2012 ARP funding

Posted: 30 January 2012

We recognise that the SRA's decision to adopt a tiered approach of £10m tranches for ARP liability in 2012 is in keeping with the agreed position as ratified by the Law Society Council and set out in the SRA's 2011 policy statement. Read more about these changes.

However, a year on, the Society takes a far less pessimistic view of the likely development of the market and are therefore disappointed that we were not able to persuade the SRA to revisit the issue of the liability split in order to maintain the equitable solution that was at the heart of our agreed position. This is particularly the case given the data that was available to the SRA when making its decision.