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Everyone writing on these posts has been fully vindicated in the warnings given years earlier about some of the insane reforms pushed through by the 'experts'. The SRA needs to make a statement to the profession whose governance it oversees. The Co-op Group has a total liability of £2.3BN which boils down to a 30% interest in Co-op Bank which in turn is being supported by hedge funds. If the private equity investors withdraw, the bank will collapse. All of this leaves Co-op Legal Services fully exposed and prima facie insolvent. At the very least, the SRA should be investigating the position and assessing whether intervention and closure is necessary. Well spotted by the Gazette.