If I read the snippet correctly (possibly didn't) the rule breach dates back to 2011, the lady in question is said to be experienced and has since left the firm. I'm assuming the breach was reported by the auditors doing their routine SARS reporting, but maybe on an actual compliance visit by the LS. Either way it's possibly been rumbling on for quite a few years. As you say folk have been booted out by the law society for less, although imo they appear more forgiving than say the ICAEW or say RICS, this a magic circle firm too, poor.Pretty clear too. They're very hot on mismanagement of client accounts. She might get away with a severe reprimand if she was fairly junior, but exclusions are far from unknown for it. Mishcon's as a firm should be doing a lot better than that; they're hardly a small high street firm.