Independent review sets out extent of opportunities missed by SRA to address PM Law failings
The Solicitors Regulation Authority missed multiple opportunities to address serious failings at PM Law Group from as far back as 2023, with investigations conducted without access to management accounts and explanations provided by PM Law leadership accepted on face value without independent verification. The central finding of an independent serious event review (SER) conducted by […]
LSB steps up enforcement against SRA ‘to protect consumers’
The Legal Services Board (LSB) has initiated further enforcement action to secure “urgent improvements” at the Solicitors Regulation Authority (SRA). The oversight body said it is “disappointed” by the standard of leadership and accountability demonstrated by the SRA’s board in response to the “serious regulatory failures that have repeatedly occurred”, which have come “at significant […]
Scale of cryptoasset gains revealed in new government figures
Government figures have revealed the number of individuals who declared more than £1 million in capital gains (CGT) from cryptoassets in the 2024 to 2025 tax year. HMRC’s first official statistics on taxable cryptoasset gains show 240 people have reported £1 million plus in gains from their cryptoasset investments. The figures indicate £717 million of […]