SSB Collapse: Independent Review Findings
An independent review commissioned by the Legal Services Board (LSB) found that the Solicitors Regulation Authority (SRA) failed to respond adequately to over 100 consumer reports during the SSB Group collapse.
The review, which was commissioned in April 2024, highlighted the SRA's inadequate response to consumer concerns in the lead-up to the collapse.
- The SRA received over 100 reports from consumers, but failed to respond adequately.
- The LSB commissioned the independent review to examine the regulatory handling of events leading up to the SSB Group's collapse.
- Within 12 months, separate independent reviews found the SRA had failed to act adequately in the cases of SSB Group and Axiom Ince.
No clear quote available in the text.
Author's summary: SRA failed to protect consumers during SSB collapse.