Antony Townsend, chief executive of the Solicitors Regulation Authority since its inception, is to step down later this year.
In a statement this afternoon, Townsend (pictured) described the pace of change at the regulator as ‘relentless’ and the challenges he has faced as ‘formidable’.
He added: ‘The SRA now has a firm basis upon which to develop and mature its new approach to regulation. I have concluded that after seven years it is a good time for me to move on, so I will leave once my successor has been appointed.
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