More than £60 million of client money went missing when Axiom Ince collapsed in October 2023. This analysis traces the SRA’s post-collapse consumer protection programme through its own consultation and response papers: the client money reforms now awaiting approval, the Compensation Fund decisions already taken, and the rules a client of a failed firm can rely on today.
The SRA’s handling of Axiom Ince reveals regulatory failures and troubling double standards in accountability.
An information request reveals the SRA’s complaint handling and decision-making processes, highlighting their commitment to transparency and accountability.
This article explores biases and failures in UK law firm regulation, highlighting inadequate investigations, inconsistent discipline, and the need for reform.
Explore how regulatory failures by the SRA have created a “Wild West” in the UK legal sector, allowing unethical practices to flourish unchecked.
