A further two-thirds thought the way the money was split between the society, the Solicitors Regulation Authority (SRA) and other bodies was “not reasonable”, with many arguing that the society should get more and the SRA less.
The society carried out the online poll before it approved a fee for 2015/16 of £320 for each solicitor, the same as last year. The fee was approved by the Legal Services Board (LSB) earlier this month, albeit that the oversight regulator had concern about the fee staying the same while SRA spending fell.
A total of 84% of the 187 solicitors who took part said they thought the fee did not “represent value for money in terms of the benefits received”.
Specific comments made by solicitors included that the society was “not protecting the brand of ‘solicitor’ and ultimately that is key”, as well as criticisms of salaries paid to Law Society staff, and the cost of specific projects, such as Veyo or Black Solicitors Week.
Read the full Legal Futures article here