SSB Collapse Review
An independent review found that the Solicitors Regulation Authority (SRA) failed to respond adequately to over 100 consumer reports during the SSB Group collapse.
The review, commissioned by the Legal Services Board (LSB), identified a lack of clear SRA leadership as a key factor in the failure to protect consumers.
- The LSB commissioned the review in April 2024, following the SSB Group's collapse.
- Within 12 months, two independent reviews found the SRA had failed to act adequately in handling the SSB Group and Axiom Ince cases.
The SRA failed to respond adequately to more than 100 reports from consumers in its handling of the SSB Group collapse.
Author's summary: SRA failed to protect consumers due to lack of leadership.
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