Practising fee cut

The individual fee will fall from £428 to £328 while the fee paid by solicitors firms will fall by 23%. The Council also approved a rise in contributions to the Compensation Fund. Individual contributions will be set at £60 next year, while firms will pay £770. Law Society chief executive Desmond Hudson attributed the fall to the closure of the Society’s defined benefit pension scheme, “together with the benefits of the investments made over the last few years in systems and a major cost reduction and efficiency programme”.