Overview
- Gordons LLP has taken possession of all files and funds after the SRA intervened in PM Law on 4 February.
- The SRA says client money is missing but the total loss is not yet known as investigators try to trace the funds.
- More than 80 applications have reached the SRA’s compensation fund, with emergency grants already issued to enable house moves to complete.
- Intervention teams are working through tens of thousands of files to identify and contact clients across the group’s brands, including Butterworths.
- SRA leaders and the Legal Services Board are asking why the firm’s distress was not reported earlier, while the Law Society calls for swift progress.