Individual practising fees will remain at £278 next year, the Board of the Solicitors Regulation Authority (SRA) has decided.
The proposed fee levels will now be submitted to the Legal Services Board for approval, with a final decision expected mid-August. Firm practising fees are calculated on a case-by-case basis. Next year’s total funding requirement is £102.5m, of which the SRA share is £54.1m, up from £52.6m. Paul Philip, SRA chief executive, said: ‘While our funding requirement has increased slightly this year because of additional work such as tackling money laundering, we have been able to minimise the increase.’
