Why was banded turnover chosen?
The banded turnover model is the SRA’s approved structure for calculation of firm fees. This model is simple, cost effective, provides a reasonable proxy for the volume of work a firm undertakes and takes some account of a firm’s ability to pay. The bandings allow a sliding scale to be applied to reflect the fact that firms generate very different gross fees, from low to very high. This also allows us to ensure that no one group (identified broadly by size) is shouldering more than their fair share of the fee burden, making it fairer on firms of different sizes.
