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Welcome to our January Legal Bulletin

Welcome to the Watson Buckle Legal Bulletin, bringing you up-to-date news and information on financial matters facing law firms.

This edition we delve into: the commencement of a two-year pilot for capped legal fees; the Solicitors Regulation Authority’s plan to take away EU lawyers’ test exemptions; and, finally, trainee solicitors’ salaries rising for the first time in three years.

We hope you enjoy reading our Legal Bulletin and find it useful. We welcome your feedback and ideas for topics, so please get in touch with Chris Padgett at chrisp@watsonbuckle.co.uk or call 01274 516705.

Contact us to find out how we can help you or visit our website for more information

Two-year pilot for fixed costs scheme begins

The voluntary two-year pilot for a fixed-fee scheme in which lawyers will be limited to £80,000 in overall costs began on the 14 January.

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Solicitors Regulation Authority’s no-deal Brexit plan is an “unnecessary bar for qualification,” says the Law Society

The Solicitors Regulation Authority’s (SRA) plans for EU lawyers to require tests in order for them to qualify in England and Wales in the event of a no-deal Brexit has been cautioned against by the Law Society.

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Trainee solicitors’ salaries on the rise for the first time in three years

A survey of over 500 trainee solicitors has found that around 25 per cent are being paid below the Law Society’s recommended minimum wage. This is an improvement over the last three years, from 38 per cent in 2018, 35 per cent in 2017, and 31 per cent in 2016.

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