Solicitors will need to pay an extra £50 per year to the Compensation Fund, which compensates victims of solicitor dishonesty or incompetence. The Solicitors Regulation Authority (SRA) said the level of contributions for 2018/19 will rise from £40 to £90 for solicitors, and from £778 to £1,680 for firms (an increase of £902). The SRA highlighted the dangers of solicitor involvement in dubious investment schemes in its reasons for increasing the levy for the second year running. SRA Chief Executive, Paul Philip, said: ‘The rise in contributions reflects the forecasts of increased pressure on the Fund.’
14 June 2018
Contributions to Compensation Fund to rise
MOVERS & SHAKERS
Katten Muchin Rosenman—Charlotte Hill
Katten strengthens financial markets and funds group in London
Hugh James—Keith Cundall & Lee Hart
Hugh James expands national Serious Injury team with two new Partners
HFW—Rémi Ducloyer
HFW continues Paris office growth with public law Partner hire
NEWS
The Court of Appeal's decision in Mazur v Charles Russell Speechlys LLP has lifted months of uncertainty for Chartered Legal Executives while prompting a rethink of regulation and supervision
The assisted dying debate returns to Westminster as Lauren Edwards MP reintroduces legislation that stalled in the House of Lords last session despite clearing the Commons
A little-noticed provision of the Crime and Policing Act 2026 has fundamentally expanded corporate criminal liability
Artificial intelligence is transforming legal practice, but careless reliance on it is creating growing professional risks
The law offers cohabiting couples surprisingly greater protection after one partner dies than when they separate during life
Copyright © 2026 LexisNexis
