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Practising certificate fees frozen for third year running
Solicitors would pay the same practising certificate (PC) fee in 2019-20 as they did for the previous two years under proposals presented by the Law Society Group today.
Law Society of England and Wales president Christina Blacklaws said:
“The Law Society is becoming ever more efficient. The PC fee has decreased by almost one fifth in real terms since April 2015, while we provide an exceptional service for our members.
“The Law Society is the independent professional body for solicitors. We are the voice of solicitors, drive excellence in the profession and safeguard the rule of law through our public interest work.
“We provide increasingly tailored services for members to facilitate practice excellence. We also champion the solicitor profession, promoting England and Wales as a global legal centre and jurisdiction of choice. Our efforts underpin a growing legal services sector worth £26 billion annually to the economy.
“By making efficiency savings across the Society, along with an increase in the number of solicitors on the roll, we are able to freeze fees while delivering greater value to members.”
Anna Bradley, chair of the SRA, said: “The profession needs to be confident that the practising certificate fees offer value for money, while making sure we properly protect the public and support the rule of law. I am pleased that the practising certificate fee is set to remain level for the third year in a row, while we continue to bolster investment in key areas such as anti-money laundering.”
The proposed £278 fee includes levies for the Solicitors Disciplinary Tribunal, the Legal Services Board, the Financial Conduct Authority (to focus on money laundering activity), and the Legal Ombudsman.
The fee also covers the costs of the regulation work undertaken by the SRA but does not cover contributions to the Compensation Fund.
The proposed fee is now open for consultation and the results of the consultation will be considered at the Law Society’s Annual General Meeting on 4 July 2019.
If approved, the fee goes to the oversight regulator, the Legal Services Board, for final approval.
Notes to editors
Under the proposals, solicitors will pay £278 for their individual practising certificate (PC). In addition to the PC fee, solicitors and firms make a contribution to the Compensation Fund. The level of this contribution is set by the SRA.
About the Law Society
The Law Society is the independent professional body that works globally to support and represent solicitors, promoting the highest professional standards, the public interest and the rule of law.
About the Solicitors Regulation Authority
The SRA is the regulator of solicitors and law firms in England and Wales, protecting consumers and supporting the rule of law and the administration of justice. The SRA does this by overseeing all education and training requirements necessary to practise as a solicitor, licensing individuals and firms to practise, setting the standards of the profession and regulating and enforcing compliance against these standards. Further information is available on the SRA website.
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