Law firms

Former Cobbetts partners fined by SDT for their role in firm’s downfall

Solicitors Regulation Authority

Six former Cobbetts partners have been fined by the Solicitors Disciplinary Tribunal (SDT) after an admission of failings relating to the firm’s high-profile collapse in 2013.

The six partners – which includes former managing partner Nicholas Carr and senior partner Stephen Benson – were found to be in breach of Solicitors Regulation Authority (SRA) principles by failing to enact an appropriate contingency plan. All six were referred to the SDT last year following allegations of providing misleading information and exhibiting manifest incompetence.

This article is for Legal Business subscribers. Please log in or subscribe to read on.