Regulator consults on reducing fees

The Council for Licensed Conveyancers (CLC) is consulting on reducing its regulatory fees by up to 20%, and contributions to the Compensation Fund by up to 60%. Its consultation, Review of licence and practice fee arrangement, closes at 5pm on 21 June. The individual licence fee charged to CLC lawyers providing conveyancing and/or probate services will remain unchanged at £400. The CLC has also stopped charging conveyancing and probate technicians a £75 registration fee, as of last week. CLC businesses pay a base practice fee of 1.1% of turnover. CLC chief executive Sheila Kumar said: ‘Good regulation does not have to come with an onerous price tag.’