Sudden closure left more than 600 staff in limbo and shuttering of 11 high street companies
Britain’s solicitors watchdog has launched a fraud investigation into a law firm after its sudden collapse put hundreds of jobs at risk…
The Solicitors Regulation Authority (SRA) is investigating potential fraud at PM Law and the possible misappropriation of client money.
PM Law unexpectedly closed this month, leaving thousands of its clients and more than 600 of its staff in limbo. The collapse led to the shuttering of 11 of its high street law firms across Britain, which PM Law had acquired over the past three decades.
The Sheffield-headquartered business owns firms in Yorkshire, Cumbria, Berkshire and Derbyshire including Butterworths Solicitors, Autonet Law and Proddow Mackay.
Jonathan Peddie, the SRA’s executive director of legal and enforcement, said: “We are investigating a potential fraud including the misappropriation of client money.
Read more
