Cost of regulation

The CLSB is funded through the collection of practising fees from regulated Costs Lawyers. Approval must be obtained from the Legal Services Board for the level of the practising fee each year. Practising fees are separate to any membership fees charged by the Association of Costs Lawyers.

The practising fee includes a levy payable by all professionals regulated under the Legal Services Act 2007 – including Costs Lawyers – to fund the activities of the Legal Services Board and the Legal Ombudsman.

Year

Practising fee

% change

2012

£250

0%

2013

£250

0%

2014

£250

0%

2015

£250

0%

2016

£250

0%

2017

£250

0%

2018

£250

0%

2019

£250

0%

2020

£275

10%

Year

Number of Costs Lawyers at 1 April

Income

*Expenditure including transfer to reserves

Net reserves

2013

563

£142,901

£130,144

£35,000

2014

562

£147,488

£143,528

£45,000

2015

598

£157,197

£139,711

£65,000

2016

632

£163,406

£176,820

£85,000

2017

620

£167,519

£160,994

£94,941

2018

662

£178,313

£163,843

£104,813

*In accordance with the CLSB’s Reserves Policy

Year

CEO remuneration

Chair remuneration

Board member day rate

2013

£46,350 (from 1/10/11)

£6,000 (from 31/10/11)

£250 (from 31/10/11)

2014

£46,350 (from 1/10/11)

£6,000 (from 31/10/11)

£250 (from 31/10/11)

2015

£48,108 (from 1/4/15)

£6,240 (from 1/4/15)

£269 (from 1/4/15)

2016

£61,724 (from 1/3/16)

£7,000 (from 1/2/16)
£7,245 (from 1/4/16)

£320 (from 12/7/16)

2017

£62,960 (from 1/3/17)

£7,390 (from 1/3/17)

£327 (from 1/3/17)

2018

£65,164 (from 1/3/18)

£7,649 (from 1/3/18)

£338.45 (from 1/3/18)

2019

£66,598 (from 1/3/19)
£36,750 (from 10/6/19)*

£7,818 (from 1/3/19)

£346 (from 1/3/19)

2020

£37,467 (from 1/3/20)

£7,970 (from 1/3/20)

£353 (from 1/3/20)

* New CEO employed under part-time contract (2.5 days a week)

You can find more details about our income and expenditure in our latest financial accounts.

The LSB recovers its annual operating costs under The Legal Services Act 2007 (Levy) (No. 2) Rules 2010. The contribution payable by the CLSB toward those annual operating costs is determined by the number of regulated Costs Lawyers at 1 April each year.

Year LSB levy Amount per
Costs Lawyer
     
1 April 2011 to 31 March 2012 £13,189 411 CL = £32.09
1 April 2012 to 31 March 2013 £16,164 565 CL = £28.61
1 April 2013 to 31 March 2014 £14,280 563 CL = £25.36
1 April 2014 to 31 March 2015 £13,860 562 CL = £24.66
1 April 2015 to 31 March 2016 £12,936 598 CL = £21.63
1 April 2016 to 31 March 2017 £12,008 632 CL = £19.00
1 April 2017 to 31 March 2018 £11,699 620 CL = £18.87
1 April 2018 to 31 March 2019 £13,381 662 CL = £20.21
1 April 2019 to 31 March 2020 £14,538 684 CL = £21.25
The contribution payable by the CLSB toward the operating costs of LeO is determined by the number of service complaints about Costs Lawyer received by LeO each year. Since 2014, there has been a minimum levy of £5,000.

Year LeO levy Amount per Costs Lawyer
1 April 2011 to 31 March 2012 £1,211 411 CL = £2.95
1 April 2012 to 31 March 2013 £1,135 565 CL = £2.01
1 April 2013 to 31 March 2014 £1,043 563 CL = £1.85
1 April 2014 to 31 March 2015 £5,000 562 CL = £8.90
1 April 2015 to 31 March 2016 £5,000 598 CL = £8.36
1 April 2016 to 31 March 2017 £5,000 632 CL = £7.91
1 April 2017 to 31 March 2018 £5,000 620 CL = £8.06
1 April 2018 to 31 March 2019 £5,000 662 CL = £7.55
1 April 2019 to 31 March 2020 £5,000 684 CL = £7.31