SSB Collapse: Independent Review Findings
The Solicitors Regulation Authority (SRA) failed to respond adequately to over 100 consumer reports during the SSB Group collapse, according to an independent review by the Legal Services Board (LSB).
The LSB, overseeing legal services in England and Wales, commissioned the review in April 2024 after the SSB Group's collapse.
- Independent reviews found the SRA's mishandling of the SSB Group and Axiom Ince cases.
- Both reviews concluded the SRA failed to act adequately, effectively, and efficiently within 12 months.
No specific quotes available in the given text.
Author's summary: SRA failed to protect consumers during SSB collapse.