Axiom Ince Collapse

Axiom Ince collapse fuels threefold hike in compensation fund levy

Regulator says proposed payment increases down to sharp rise in interventions

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

Compensation claims over collapse of Axiom Ince hit £33m

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

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’

  • 6mos
News | UK

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

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

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

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

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

  • 8mos
News | UK

Axiom Ince director challenges SRA intervention in High Court

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

  • 9mos
News | UK

SRA suspends Axiom Ince head Pragnesh Modhwadia

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

  • 9mos
News | UK