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03 August 2012 / Chris Gadd
Issue: 7525 / Categories: Opinion , Profession
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Time for change

What avenues are open for the intervened solicitor, asks Chris Gadd

This is the story of a solicitor who lost everything (let us call him X). In December 2009, the Solicitors Regulation Authority (SRA) decided to intervene into X’s practice without any warning whatsoever. They convened their intervention committee in secret and presented to them a report that X had not seen. They prepared a draft resolution for the committee, a resolution that was adopted word for word. They then wrote to Barclays Bank and froze the practice bank accounts. Only then did they fax the intervention notice to X at 5.45pm.

The following morning, the SRA arrived at X’s office and took everything away. A week before Christmas he had to tell his staff that nobody would be paid, and that the firm had been forcibly closed. Then he had to go home to his family and ponder his future.

History

X’s “crime” was that he had briefly been a partner with a crooked solicitor at a previous firm, had reported that

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NEWS
Cheshire West, which established an ‘acid test’ for deprivation of liberty safeguards, has been overturned by the Supreme Court
The Chancery Division and other segments of the High Court are to be replaced by a new Business and Property Division (BPD), in a major civil justice shakeup
Law firms that hold client money will need to file annual accountants’ reports and make a declaration, the Solicitors Regulation Authority (SRA) confirmed this week
Two district judges and a tribunal judge have been sanctioned for delays in delivering judgments and orders
Private equity (PE) investment into UK law firms halved to £250m last year, but deal volume rose, according to research by Acquira Professional Services’ Momentum private equity market tracker
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