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Anon @ 6.37.

Thank you for your comments. I perhaps didn't make my points clearly.

As to the SRA taking an interest on behalf of clients, I was intending to highlight the fact that if S & G are forced to retrench (or worse) there could be massive disruption to clients' affairs. That seems to me to be a reasonably foreseeable possibility which should at least excite the curiosity of the SRA.

Regarding my second comment (concerning a Gazette report of a London firm which had a very large sum in old client balances which it donated to charity), I am aware of the charitable donation provisions in the accounts rules but what I recall from the Gazette article was that the firm did not appear to know to whom much of this money belonged (as distinct from being unable to now trace the clients). It seemed that the SRA was not concerned about this and it seems to echo other contributors' comments from time to time that the SRA is much exercised over trivial breaches by small firms where they can sanction one or two partners but are helpless when dealing with the activities of large firms.