The Chancellor:

Introduction

[1] Mr Onobrakpeya, a conveyancer, and Mr Ikoku, an immigration law specialist, carried on business as solicitors in partnership in the name of South Bank Solicitors ("SBS") from, at the latest, 01 December 2005. On 20 November 2006 Investigation Officers of the defendant ("the Law Society" including where necessary references to the Solicitors Regulation Authority) inspected the books and accounts of SBS and concluded that they did not comply with the Solicitors' Accounts Rules Accordingly on 09 January 2007 the partners were interviewed by the Investigation Officers. Such officers reported their findings to the Law Society on 26 February 2007. On 29 June 2007 the Law Society commenced disciplinary proceedings against M