The Fall of a Law Firm
Appointing administrators, a police probe, and the misappropriation of client funds. These are only the latest misfortunes to befall Axiom Ince as it edges closer to collapse.
At this point the Solicitors Regulation Authority (SRA) has also got involved and effectively shut the once-respected firm down. The news website RollOnFriday gained access to an email sent to all staff on Monday afternoon and the opening paragraph spelt out the exact nature of the doom:
“We are extremely sorry to have to confirm that our insurance cover ceased at midnight on 30th September and the Solicitors Regulation Authority has now served an intervention notice on us. We have also started the process for appointment of an administrator. These developments mean that, unfortunately, the majority of colleagues will be served with notice of redundancy today. Letters will be issued by email to those staff affected.”
How did it come to this?