Regulator slated after £60m client money loss at Axiom Ince

The Solicitors Regulation Authority faces enforcement action over failures to intervene effectively in the run-up to collapse of Axiom Ince law firm

The Legal Services Board has taken enforcement action after an independent review of a string of oversight and governance failures by the Solicitors Regulation Authority (SRA) before it finally forced the closure of law firm Axiom Ince Limited.

The review was conducted by Carson McDowell LLP, a law firm in Northern Ireland, which was not regulated by the SRA.

Your free features:

Breaking news and expert analysis
Customisable daily newsletters
Six free CPD learning modules each year
Personalised CPD tracker
Top 75 Firms league tables
Regulatory changes
Hardman’s Tax Data

Finance | Axiom Ince accountants sued by administrators

Finance | All law firms will have to produce accountants’ reports

Business | Regulator scrutinised over missing £100m client funds at PM Law and Axiom Ince

Finance | 26% of law firms shut over accounting breaches

Business | PM Law clients sent HMRC demands for unpaid stamp duty

Navigate

Tax Services

Your free features:

Sign up to Business & Accountancy Daily