Allanson LLP Shut Down by Regulator

Allanson LLP Shut Down by Regulator

Allansons LLP, a Bolton based firm of solicitors, was closed by their regulator the Solicitors Regulation Authority on the 24th May 2019.

Allansons had conduct of several thousand claims against intuitional mortgage lenders where through the use of a software calculation they claim clients have been overcharged and due refunds. In order to instigate proceedings, the software calculation was required demonstrating the loss. This cost was paid for by promotion of a litigation funding model whereby private investors, not the clients themselves could invest in these claim types in multiples of £4000 (but a minimum of £12,000 investment).

All files have been secured by Gordons Solicitors.

Local Press states ;

‘The Solicitors Regulation Authority took the decision to close Allansons Solicitors, which had been operating out of an office Queens Buildings in Central Street, after ruling that its manager, Roger Allanson, had failed to comply with a number of regulations.

A notice from the industry regulator on the door to Allansons’ office states that the firm was shut down on Friday, and that all “practice papers, files and monies held” were now in the possession of the SRA.’

The SRA, solicitors regulator is clearly not happy with the conduct of Allansons and the promotion of the scheme does raise some immediate questions.

If you’ve invested into Allansons and simply want to discuss your options and position on;

  • What has gone wrong?
  • What happens now?
  • Will the ‘insurance policy’ now refund your investment?
  • What options do you have to recover money from elsewhere?

You can contact one of our expert solicitors. Our team have experience bringing successful legal proceedings against professionals from various industries whose negligent advice has caused loss. We have the experience and expertise to make a successful professional negligence claim on your behalf and our team understand the impact that negligent advice can have on you and your business. 

Get in touch via our contact form or the phone number at the top of this page.

The contents of this article are intended for general information purposes only and shall not be deemed to be, or constitute legal advice. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of this article.