GLOSSARY

Fee sharing arrangement definition

What does Fee sharing arrangement mean?

The SRA does not give a definition of fee sharing arrangement. Instead, it defines the term fee sharer as another person or business who or which shares your fees. Fees are your own charges or profit costs (including any VAT element). This definition is stated to be for the purpose of the SRA Accounts Rules 2011 and it may be unwise to rely on it for the purpose of the Code of Conduct. Unless and until the SRA gives clarification, you should probably assume that any arrangements to share disbursements and/or (on CFA cases) your success fee will also be caught.

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