Summary
A major law firm, PM Law, based in Sheffield, closed suddenly, impacting tens of thousands of ongoing legal cases. The closure left many clients and employees in difficult situations, as the Solicitors Regulation Authority (SRA) steps in to manage the aftermath.
Key Facts
- PM Law had 24 offices and specialized in personal injury, wills, and conveyancing.
- The firm closed abruptly on February 2, affecting many live legal cases and leaving hundreds without jobs.
- The Solicitors Regulation Authority (SRA) intervened to handle the situation, taking possession of files and clients' money.
- The SRA has issued emergency grants to help clients affected by the closure.
- Over 50 applications have been received for compensation from the SRA's fund.
- Clients like Rich Fifield face financial burdens due to transactions left incomplete, causing stress and financial strain.
- The SRA's investigation continues as they work to resolve urgent cases first and gather relevant details.
- Gordons LLP, appointed by the SRA, is assisting affected clients and providing information on their website.
