Solicitors Regulation Authority (SRA) Must More Carefully Investigate or Assess the Financial State of Law Firms in the UK
Also this week: (suppressed topic)
Last year I pointed out that, not for the first time, it seemed like the hired guns who target me (and my family) had serious financial problems. They're basically very deep in debt, they're shrinking (declining staff numbers, based on their own accounting), and whenever I asked for proof of SFC (Security for Costs in Civil Litigation; it's a circular issue) they just issued some informal E-mail with "pinky promise", short of actual material evidence of funds being available.
After recent SRA scandals (belated shutdown of a large firm that embezzled or misused clients' money [1, 2] - an issue I'm well familiar with) the SRA must really be a lot stricter. Nowadays a lot of law firms grab clients' money based on false promises. Those clients will end up deep in debt, hopeful in vain based on false promises/assurances made privately by lawyers.
We'll cover this in depth in the future. █