Membership Fees (2013)
Our membership fees are among the most competitive in the industry and are levied on an annual basis according to the number of partners in the firm and the number of listed offices.
We have also capped the membership fee for firms that have more than 20 partners. This is a deliberate strategic decision to restrict the undue influence of any one member firm and mitigate the financial impact of such a firm leaving the association.
The subscription year runs from 1 January to 31 December and apportionments are made for firms that join at various dates throughout the year. We also constrain annual fee increases to a maximum of the level of UK inflation (currently 3%), with invoices being sent to each firm in December of the preceding year.
Every new firm is required to pay a one-time joining fee, which covers the costs that we incur during the due diligence process such as those related to the pre-joining inspection visit.
All of the services you will find on our page Member Services are included in your annual membership fees. Unlike some international networks and associations, we do not take a commission from the fees that result from the referrals that pass between our member firms.
New member firms also receive one free delegate place to be used at an international conference or regional meeting during their first year of membership.
What's not included
The only additional costs that member firms need to budget for are their attendance at MSI's meetings and conferences. A typical delegate rate for a MSI meeting will vary fromUK£400-750, but additional costs related to travel and accommodation must be budgeted for. However, we meet the cost of our local meetings, with delegates only required to meet their own travel and accommodation costs.
Costs for additional offices
A supplement is added for each additional office that the member firm operates within the same territory and wants to list in our international directory.
Three levels of discounted rates are available for member firms in certain countries. These are applied according to levels of relative wealth as defined by the World Bank. Discounts range from 10% to 40% off our standard rates.
To find out more about how your firm can benefit from potential MSI affiliation, please complete our initial membership enquiry form or contact Donal Watkin, MSI's Chief Executive.