Axiom Ince Collapse

Person holding cellphone with webpage of British agency Serious Fraud Office (SFO) on screen in front of logo.

Five charged over £60m collapse of Axiom Ince

Former CEO Pragnesh Modhwadia among defendants facing charges that include fraud, forgery and destruction of documents

  • 3w
Legal Services Board initiates enforcement action against SRA over Axiom Ince oversight failures

Legal Services Board initiates enforcement action against SRA over Axiom Ince oversight failures

Unprecedented move follows highly critical independent report into regulator’s supervision of accumulator firm

  • 2mos
April 13 2019: Image taken of Aldgate Tower at 2 Leman Street, London E1 8FA. Aldgate station was not busy as this was taken on a weekday late afternoon.

Axiom Ince collapse fuels threefold hike in compensation fund levy

Regulator says proposed payment increases down to sharp rise in interventions

  • 7mos
April 13 2019: Image taken of Aldgate Tower at 2 Leman Street, London E1 8FA. Aldgate station was not busy as this was taken on a weekday late afternoon.

Legal Services Board enlists top Northern Ireland firm to investigate oversight of Axiom Ince

Carson McDowell will examine “regulatory events” leading up to Solicitors Regulation Authority’s intervention into firm

  • 1yr
April 13 2019: Image taken of Aldgate Tower at 2 Leman Street, London E1 8FA. Aldgate station was not busy as this was taken on a weekday late afternoon.

Compensation claims over collapse of Axiom Ince hit £33m

Regulator says it hopes to avoid additional levy on solicitors by prioritising claims

  • 1yr
April 13 2019: Image taken of Aldgate Tower at 2 Leman Street, London E1 8FA. Aldgate station was not busy as this was taken on a weekday late afternoon.

SRA defends oversight of Axiom Ince and promises review of ‘accumulator firm’ supervision

Regulator says it uncovered ‘sophisticated’ suspected dishonesty including ‘falsified bank statements and letters’

  • 1yr
Person holding cellphone with webpage of British agency Serious Fraud Office (SFO) on screen in front of logo.

SFO makes seven arrests amid dawn raids in connection with Axiom Ince collapse

More than 80 investigators involved in operation sparked by discovery of £66m hole in client accounts

  • 1yr
SRA and Law Society at odds as compensation fund levy looms over Axiom Ince intervention

SRA and Law Society at odds as compensation fund levy looms over Axiom Ince intervention

Solicitors Regulation Authority concedes additional levies are likely as law soc flags ‘atypical’ business model of collapsed firm

  • 1yr
Spencer West adds 19-strong team from shuttered Axiom Ince in private wealth push

Spencer West adds 19-strong team from shuttered Axiom Ince in private wealth push

Fee-sharing firm also acquires London boutique Hieron and adds team from Selig + Partners

  • 1yr
London skyline , city escape at sunny day

Regulator takes control of Axiom Ince to protect clients’ interests

Solicitors Regulation Authority makes what is expected to be the largest – and most costly – intervention into a law firm

  • 1yr
London at sunset

Axiom Ince feared on brink of closure as fate of trainees and support staff uncertain

Ince & Co website unavailable and most phone lines down, while City of London Law Society says it will support impacted trainees

  • 1yr
London skyline , city escape at sunny day

Axiom Ince director challenges SRA intervention in High Court

Shyam Mistry denies knowledge of alleged wrongdoing in appeal against “draconian” suspension by regulator

  • 1yr
April 13 2019: Image taken of Aldgate Tower at 2 Leman Street, London E1 8FA. Aldgate station was not busy as this was taken on a weekday late afternoon.

SRA suspends Axiom Ince head Pragnesh Modhwadia

Modhwadia and two other directors of fast-growing UK firm prohibited from practising as solicitors

  • 1yr
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