Practices are charged an annual registration fee and an assessment fee for applying for and being assessed against the Lexcel standard.
The Law Society will charge your practice a registration fee for each annual assessment after your application is received. Annual registration fees are based on the size of the practice and are shown below:
|Private practice||Non-private practice|
|Sole practitioners £60||1-5 fee earners £60|
|2-4 partners £175||6-15 fee earners £175|
|5-7 partners £230||16-40 fee earners £300|
|8-10 partners £300||41-60 fee earners £405|
|11-15 partners £350||61+ fee earners £520|
|16-25 partners £485|
|26-50 partners £580|
|51+ partners £865|
All fees are subject to VAT.
The assessment fee
Each assessment body will charge a fee for conducting a Lexcel assessment. The cost of assessment and subsequent annual maintenance visits varies according to the size of the practice. The duration of the assessment is typically based on:
- The number of staff
- The number and geographical location of offices
- The number of different categories of law offered and work patterns
- Whether a practice already has ISO 9000, Investors in People (IiP) or SQM
- If the assessment is just for Lexcel or combined with ISO 9000 or IiP
Would you like regular legal content for your website? Click here for more information on our low cost solution. Free 8 week trial!
Professional indemnity insurance
Many firms looking to apply for Lexcel Accreditation for the first time wish to know how this will affect their professional indemnity insurance. Whilst there is no fixed position on this, insurers do look favourably on firms who can show their approach to risk and the policies and procedures they have in place. Gaining the Lexcel standard is an instant ‘tick in the box’ many for of these concerns.