LSB confirms review of events leading up to the SRA’s intervention into Axiom Ince

The Legal Services Board (LSB) has confirmed its intention to undertake an independent review of regulatory events leading up to the Solicitors Regulation Authority’s (SRA) intervention into Axiom Ince.

This was a significant case with considerable consumer detriment. In the Board’s view, it will be important for public and professional confidence that any learning can be identified with independence, and that any conclusions that may be drawn are based on an objective assessment of the facts.

The full terms of reference of the independent review will be published in January 2024, with the aim of reporting in spring 2024.

The LSB will partner with the law firm Carson McDowell to carry out the review. Based in Northern Ireland, this firm is not regulated by the SRA.

The LSB is grateful to the SRA for making clear its intention to co-operate fully with this review.