LNB News 09/05/2025
Document Information
Issue Date: 09 May 2025
Published Date: 09 May 2025
Jurisdiction(s): England, Northern Ireland, Scotland and Wales
The Solicitors Regulation Authority (SRA) has launched a consultation on its 2025/26 Business Plan, proposing a £16.3m budget increase to £86.5m. The plan outlines changes to regulatory fees, with individual practising certificate fees rising from £164 to £190, while compensation fund contributions will decrease from £90 to £70. The changes respond to a 40% increase in monthly investigations, growing complexity in cases, and emerging risks in the high-volume consumer claims market. The SRA reports concluding 18% more cases than the previous year despite increased workload. The consultation runs from 8 May to 19 June 2025.
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