Legal Services Board Confirms Rise To Compensation Fund Levy - Solicitors Journal
The Legal Services Board has approved a significant increase in the Compensation Fund contributions solicitors must pay
Today, the Legal Services Board (LSB) announced a rise in the contributions solicitors make to the Compensation Fund, driven by the need for financial stability following recent high-profile collapses, including Axiom Ince. The Solicitors Regulation Authority (SRA) initiated this increase to ensure the fund remains adequately managed.