Individual solicitors will see their combined practising certificate fee and compensation fund contribution hiked by more than a third, under Solicitors Regulation Authority (SRA) plans
The increase, from £260 to £360, was announced last week in the SRA’s 2026–27 business plan and budget. Law firms will pay £3,600, up from £1,950, towards the compensation fund.
SRA chief executive Sarah Rapson said: 'Put simply, we need to change how we work... This includes investing now to fix the SRA's foundations.’
Law Society president Mark Evans said: ‘We cannot forget that it is the hard-working front line of the profession that bears the cost of fixing an organisation, which had lost focus on its core role as demonstrated by its failures over the Axiom Ince and SSB collapses. Engagement with the profession is essential to reassure our members that the regulator is taking steps to actively avoid a repeat of past failings.’
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