LSB Damns SRA Over SSB Law Collapse — Regulator Ignored Five Years of Red Flags
An independent review by Carson McDowell (commissioned by the Legal Services Board) found the SRA failed to act on over 100 reports between 2019 and 2024 about SSB Law’s conduct. The regulator miscategorised complaints as “service” issues and permitted transfer of thousands of client files to JMR Solicitors despite internal warnings — JMR also subsequently collapsed. The LSB initiated unprecedented enforcement action against the SRA itself, which formally apologised and accepted all recommendations. Sources SRA apologises and fully accepts recommendations of SSB review Law Gazette: SRA ignored five years of red flags Law Society: SSB collapse independent review
FCA and SRA Issue Joint Warning Over Motor Finance Commission Claims
The FCA and SRA issued a joint warning to firms and law firms representing motor finance commission claims. Since January 2024, the FCA had removed or amended over 740 misleading advertisements and required nine law firms to provide information about their exit fees. The regulators flagged concerns about misleading marketing, lack of fee transparency, and firms pressuring consumers into binding agreements. Sources FCA and SRA warning on motor finance commission claims Regulators join forces to tackle poor claims management practices
