SELECT client_name, thread_id, MAX(thread_no) max_thread
FROM records
WHERE action='Reviewed' AND client_name='MyClient'
GROUP BY client_name, thread_id
UPDATE 1
SELECT a.*
FROM records a
INNER JOIN
(
SELECT thread_id, max(sr) max_sr
FROM records
GROUP BY thread_id
) b ON a.thread_id = b.thread_id AND
a.sr = b.max_sr
WHERE a.action = 'MyAction'