The Solicitors Regulation Authority (SRA) has agreed to pay Leigh Day £1m to cover the costs associated with the regulator’s appeal of its unsuccessful prosecution of the firm.

The total costs for the case against Leigh Day were around £3.1m – £2.1m for the Solicitors Disciplinary Tribunal (SDT) hearing and £1m for the High Court appeal.

A joint statement by Leigh Day and the SRA said: “The parties have now reached an agreement on the appeal costs. The SRA has paid £995,000 to Leigh Day. This includes £600,000 which was paid as an interim payment in accordance with the Court’s October Order.”

A detailed breakdown of the costs, published alongside the stat...

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