The SRA's intervention into the practice of Wolstenholmes, which began on Christmas Eve, was the biggest of 2009, according to the regulator. The firm, closed during the investigation, has offices in Cheshire, Manchester, Birmingham and conducted Conveyancing in London and throughout the UK .
Wolstenholmes was a multi disciplined practice offered a full range of services, including conveyancing, family, employment, personal injury, immigration, private client work.
An SRA spokesman said the practising certificates of five solicitors were suspended.
The Wolstenholmes website still boasts having completed more than 200,000 conveyances, with monthly transactions worth £175 million.
According to the site, the secret of the firm's success is explained by "two centuries developing our expertise, refining our knowledge, keeping our nerve during financial hardship and having the nerve to expand beyond all comprehension in a recession."
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