Why is the SRA moving towards a new fee structure?
The way the cost of regulation was allocated among the profession through the practising certificate fee led to anomalies and unfairness in the context of modern legal practice. However, the Legal Services Act 2007 changed the SRA’s statutory powers in enabling firm-based regulation alongside the regulation of individuals. This new fee structure creates a fairer system reflecting regulatory activity, as it allows the SRA to allocate less of the cost to individuals and more to private practice firms.
