£150m cap on fines for Tesco law breaches is 'too low', says SRA
The Solicitors Regulation Authority (SRA) has challenged the £150m cap on Tesco law licensing breaches recently set out by the Legal Services Board (LSB). The SRA has questioned the maximum penalty recommended by the LSB last month, citing the miners' compensation case that saw 500 firms paid £1bn for acting for sick coalminers. A raft of firms involved later faced claims over their conduct in handling the work.
The Solicitors Regulation Authority (SRA) has challenged the £150m cap on Tesco law licensing breaches recently set out by the Legal Services Board (LSB).
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