Three former law firm directors rebuked by SRA

Three former directors at a defunct firm have been rebuked after investigators found six-figure sums languishing in the client account.

The SRA discovered in 2023 that north west London firm Hodders Law had 408 client ledgers, holding a combined total of more than £350,000, where there had been no activity for almost three years.

At one point the firm also had five client account suspense ledgers holding a total of £578,000. These are accounts not specifically allocated to a client or firm and used as a temporary repository for unallocated funds.

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