19 July 2007
In brief
The Solicitors Regulation Authority (SRA) has apologised to the 36,000 solicitors who were overcharged compensation fund contributions for 2006–07 and promised to repay the cash with interest. An administrative error meant some law firms were charged £500 rather than £400, and others £250 rather than £200. The SRA says solicitors who submitted an individual application and overpaid will receive a letter explaining where and when the money will be returned. All firms who overpaid will receive a letter with a remittance advice explaining who overpaid in their firm, the total value of the refund, and where and when the money will be returned.
