The Warwick Courier and ABA Journal carry the story about the Solicitors Regulation Authority shutting down a law firm. Some quotes:
“It was necessary to intervene in order to protect the interests of clients or former or potential clients, or the interests of the beneficiaries of any trust of which Blakemores Solicitors LDP or any of the partners of Blakemores Solicitors LDP is or was a trustee."
“An intervention means the SRA has closed a firm with immediate effect. We will stop the firm from operating, take possession of all documents and papers held by the firm including clients’ paper, and take possession of all money held by the firm including clients’ money.”