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, England and Wales' legal services oversight regulator, commissioned the review in April 2024 after the SSB Group's collapse.
- The review found the SRA's handling of the SSB Group collapse was inadequate.
- Within 12 months, independent reviews of the SRA's handling of the SSB Group and Axiom Ince found similar failures to act adequately, effectively, and efficiently.
No direct quotes available in the given text.
Author's summary: SRA failed to protect consumers during SSB Group collapse.