The Solicitors Regulation Authority has moved to shut down a well-known Hull firm, less than a year after its senior partner and owner was struck off over infringements connected with borrowing money from a controversial legal financing fund.
The regulator has intervened in personal injury specialist Ingrams Solicitors, according to a decision notice published yesterday. The SRA panel was satisfied that grounds for intervention existed as Kellie Noble, sole practitioner at the firm, 'has made an arrangement with her creditors'.
The firm's website now consists only of a notice, headlined 'Ingrams Solicitors', stating that the regulator intervened in the practice on 14 August. 'The firm is now closed and can no longer act for you. All practice papers, files and monies held by the firm at the date of the intervention are now in the possession of the Solicitors Regulation Authority,' the notice says.
Last year Paul Stott, senior partner at the firm and a solicitor for 32 years, was struck-off following charges that he caused or permitted his firm to accept £3.15m from the controversial, Cayman Islands-based, Axiom Legal Financing Fund.
It was alleged Stott knew his firm had not complied with the terms of the litigation funding agreement and that the funds were to be used to keep the business afloat.
The Serious Fraud Office opened a criminal investigation into the collapse of the Axiom fund in 2014. This remains ongoing.