Independent Review Reveals Lack of Leadership at SRA
The Legal Services Board (LSB) has published its independent review of the regulatory events leading up to the Solicitors Regulation Authority’s (SRA) intervention into the collapsed law firm SSB Group Limited.
The review found that wholesale change is needed to respond to early warning signs and prevent future consumer harm, citing a lack of clear leadership at the SRA as a key factor.
No clear leadership at the SRA failed to protect consumers.
According to the LSB, the SRA's inability to respond effectively to early warning signs contributed to the collapse of the law firm, highlighting the need for significant reforms.
Key Findings
- Lack of clear leadership at the SRA
- Failure to respond to early warning signs
- Need for wholesale change to prevent future consumer harm
Author's summary: LSB review criticizes SRA's lack of leadership.