The investigation of the review of the probe.
In 2017, a graduate trainee at UBS identified only as 'Ms A' for legal reasons, alleged that she woke up after a work drinks event in a senior colleague’s house with no memory of how she got there, and believed he had raped her.
When Ms A claimed that UBS's subsequent investigation was a whitewash, the bank instructed Caroline Stroud, who at the time was Freshfields' Global HR Partner and head of its employment team, to conduct an independent review of its investigation. The Freshfields partner made several recommendations, but concluded that UBS hadn't made any "fundamental errors".
However, Ms A alleged that Stroud's review was also fatally flawed. She accused Stroud of misleading her, including by telling her that Freshfields wasn't acting for the bank. Stroud said that her comments, which Ms A recorded, had been taken out of context.
Stroud, who retired during the SRA's three year investigation into Freshfields' investigation into UBS's investigation, has now been cleared.
In a statement, Freshfields said, "We are pleased to confirm that following a thorough review, the Solicitors Regulation Authority has completely exonerated Caroline Stroud regarding a complaint made about her role on a client mandate in 2018 and the matter is now closed. Caroline is an outstanding employment litigator who has built a renowned reputation as one of the best in her field over her long career".
The SRA said, "We have looked at all the available information and decided to close the matter with no further action".
"If further information is made available, we can look again at the issues", the regulator added, leaving the door open to depthcharging the tranquility of Stroud's retirement.