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UK lawyers' regulator ordered to do better after Axiom Ince scandal

By Martin Coyle ( May 29, 2025, 14:22 GMT | Insight) -- The collapse of UK law firm Axiom Ince with the disappearance of millions of pounds of client money has led to enforcement against the key regulator for lawyers in England and Wales over "regulatory failures" in the scandal, which led to 1,400 job losses. The Legal Services Board today ordered the Solicitors Regulation Authority to improve how it identifies risks to consumers and to be more proactive in responding to them. The collapse of UK law firm Axiom Ince with the disappearance of millions of pounds of client money has led to enforcement against the key regulator for lawyers in England and Wales....

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