The SRA said the intervention into PM Law had been one of the largest and most complex it had ever undertaken, involving 25,000 emails and letters and 17,000 inquiries.
Paul Hastings, the SRA’s director of client protection, said: “We are continuing to do all we can to support former clients of PM Law, including by reuniting them with their money or files.
“Many of the former clients faced significant upheaval at a stressful time, so we have been determined to provide as much support as possible.”
According to the regulator, as of 17 April, 92 claims totalling £9.31m had been paid to former clients from the SRA Compensation Fund.
A further £6.8m had been paid out from money held within the firm at the time the SRA intervened, meanwhile…