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

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

Commenting on the news Law Society of England and Wales chief executive officer, Ian Jeffery, said: “We welcome the Legal Services Board (LSB) carrying out an independent review of the events leading to the collapse of Axiom Ince and the SRA’s intervention to close the firm.

“As the oversight body responsible for assessing and monitoring effective and transparent regulatory performance, the LSB has the necessary investigation and enforcement powers to ensure that the events and actions relating to this very serious incident are fully brought to light.“

We stand ready to work with the LSB and, as appropriate, the SRA to ensure that all proper assurance is provided to the public and to our members.”

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