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UK law firms' risk to consumers prompts watchdog to review regulatory approach

By Jakub Krupa and Martin Coyle ( February 5, 2024, 12:03 GMT | Insight) -- UK law firms' growing risk of harm to consumers needs to be addressed, their industry watchdog warned today as it opened a wide-ranging review of its approach, citing a spike in interventions over issues such as suspected fraud or a firm failing. The review by the Solicitors Regulation Authority follows the collapse of law firm Axiom Ince with tens of millions of pounds in client money missing.UK law firms' growing risk of harm to consumers needs to be addressed, their industry watchdog warned today as it opened a wide-ranging review of its approach, citing a spike in interventions over issues such as suspected fraud or a firm failing....

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