The Telegraph reports a case where a solicitor in Richmond, Surrey, transferred £333,000 from a property sale to a fraudulent bank account. The bulk of the money was eventually recovered but the couple concerned are still £48,500 out of pocket. When the solicitor refused to compensate them, the couple lodged formal complaints with the SRA and Legal Ombudsman in May. But eight months after the fraud took place, they are still waiting for the SRA to complete its investigation into the firm’s actions. To compound the situation, the Legal Ombudsman has said it will not progress the complaint until the SRA has completed its investigation. Full story here
This sounds familiar to me. At one stage my my case I had the Legal Ombudsman saying go to the SRA and the SRA saying go to the LeO !