Following a two-year financial support program for Scottish lawyers to mitigate the impact of the pandemic, the Law Society of Scotland is offering a practicing certificate fee that is ‘lower in real terms’ compared to the pre-pandemic fee level.
The Law Society has agreed a £2.2million support package for the legal profession following the Covid outbreak. This included a substantial temporary reduction in the cost of practice over a two-year period.
As the professional body looks to its post-pandemic future, the board is recommending a certificate of practice fee of £585 for 2022/23. That’s eight percent lower in real terms compared to pre-pandemic computer costs in 2019/20.
The attorneys will vote on the proposal at the Company’s Annual General Meeting, which will be held online on Thursday, May 26, 2022.
Ken Dalling, President of the Law Society, said: “At the start of the pandemic, the Law Society announced an unprecedented package of financial support to help lawyers cope with the economic shock of Covid-19. Our 20% reduction in practice certificate fees for 2020/21 has allowed lawyers and businesses to keep more of their money, just when they need it most.
“As we all emerge from the pandemic, it is right to get the Law Society’s finances back on track and protect the reserves. Like all businesses and organizations, the Company must also deal with record levels of inflation and rising energy costs.
“The proposed PC fees will allow us to continue to regulate effectively in the public interest and provide the services and support the profession deserves. Nonetheless, we recognize the need to spend every penny wisely. This is why the Council is proposing a practice certificate fee that is 8% lower in real terms than before the pandemic. This reflects our ongoing commitment to controlling costs, focusing on what matters most, and always providing value to our members.
The Law Society’s AGM will be held online at 5:30 p.m. on Thursday, May 26. Members can register by emailing [email protected] by noon on Friday 20 May 2022.