Practising Certificate Fee Consultation

Practising Certificate Fee Consultation

The Law Society has revealed that solicitors could pay £12 less for their practising certificate this year with an individual rate of £278 per solicitor for 2017-18.

The Society state that this is a reduction of four per cent over the previous year and has been achieved as a result of 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.

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 can be downloaded from the Law Society’s website at www.lawsociety.org.uk/News/documents/pc-fee-consultation-23-06-2017 and the deadline for responses is midnight on Sunday 2 July.

Terms and Conditions | Site Map | Privacy and Cookies

Copyright © 2020 Richard Nelson LLP and Murdochs. All rights reserved.
The Lawyers Defence Group is operated by Richard Nelson LLP, a Limited Liability Partnership authorised and regulated by the Solicitors Regulation Authority and whose partnership number is OC357136 and Murdochs Solicitors, who are also authorised and regulated by the Solicitors Regulation Authority, and whose SRA number is 52683.
Please note that all advice, guidance, representation and assistance, legal or otherwise, is provided either by those firms or by appropriate referral to other suitably qualified persons. No advice, guidance, assistance, representation or other support is provided by or in the name of the Lawyers Defence Group.
For further details please refer to the terms and conditions for use of this web site and to the terms and conditions of the firms involved.
The professional rules governing our lawyers can be found at rules.sra.org.uk