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
Bell Yard Kysen—Liz Giles
Bell Yard Kysen appoints senior legal PR and ex-government communications adviser, Liz Giles
Clarke Willmott—Lee Edwards
Clarke Willmott boosts Southampton commercial property team with addition of partner Lee Edwards
Lime Solicitors—four promotions
Lime Solicitors announces four promotions
NEWS
The Attorney General, Ellie Reeves KC MP, and Solicitor General, Andy Slaughter KC MP, marked the 25th anniversary of Pro Bono Week by joining lawyers, charities, students and parliamentarians at events celebrating voluntary legal work
Witness evidence can be compromised by AI before a solicitor sees the draft, leaving safeguards focused on authorship incomplete
Possession claims are entering a new digital era, with procedural traps awaiting practitioners who assume familiar rules still govern every step
The Environment Agency can prosecute offences beyond environmental legislation where proceedings support its statutory functions, the Divisional Court has confirmed
A polished legal defence may owe more to artificial intelligence than legal merit—and creditors risk paying the price in delay and expense
Copyright © 2026 LexisNexis
