Report comment

"....The recent travails at Slater & Gordon have raised once more the question of a big firm collapsing, but the SRA has not commented on this beyond saying: “Slater & Gordon is part of our regulatory management programme and we are in contact with the firm on a very regular basis. As a regulator, any of our discussions with a firm are focused on protecting the interests of clients.” ..."

I think someone quoted the FT as asking the question what happened when a major "Law" "Firm" went bust.

Well it looks like we will now know.

And we will know whether the SCT's pockets are big enough, for it is the SCT that I suspect that will be the softest underbelly. ....