Skip to Content

Risk Management & Claims Prevention

When ILA isn’t

This is a story of what seemed like a simple independent legal advice (ILA) matter that turned out to be more complicated than it looked. The claim story A lender sought ILA about a loan that he wanted to advance to a friend. The friend intended to use the money to purchase additional shares in… Read More »

Categories: Risk Management Strategies

Estates and Limitation Periods – Recent case decision

Navigating limitation periods is a critical aspect of legal practice in Ontario and lawyers are often faced with the challenge of determining which legislation applies to their clients’ cases. In a recent case, the Ontario Court of Appeal ruled that the two-year limitation period under the Trustee Act applied to the respondent’s equitable trust claim… Read More »

Categories: Limitations Claims, Wills & Estates

How to ensure you have secure funds

fraud-prevention

[Updated May 14, 2024] Article highlights: 1.For funds to be truly irrevocable, you need a PCRN. Anything else is a risk. 2.Financial institutions that have adopted the Uniform Treatment of Wire Payments have agreed to treat “On-Us” funds (e.g. when the payee and the payor are at different branches of the same financial institution) as… Read More »

Categories: Fraud Prevention

Are you ready for the Law Society’s new client ID requirements on January 1, 2024?

As of January 1st, 2024, the Law Society of Ontario requires lawyers who only meet with clients virtually to verify their clients’ identity online by authenticating their identification documents, or using an alternate, approved verification method. This ends the emergency virtual-verification measures that permitted verification through simply viewing identification documents online. The virtual authentication of… Read More »

Categories: Fraud Prevention

New wellness resources from the Member Assistance Program

Beginning December 1, Homewood Health will be updating the myassistplan.com web portal to incorporate the new “Pathfinder” user-interface system. Through a series of simple questions, the anonymous Pathfinder system will quickly guide lawyers to curated lifestyle coaching, counselling, peer-support, and online resources that are directed at the specific needs of each lawyer. Lawyers can book… Read More »

Categories: Wellness and Balance

Federation of Law Societies launches online program to combat money laundering risks

fraud-prevention

The Federation’s of Law Societys has launched an online learning program entitled “Anti-Money Laundering and Terrorist Financing in the Canadian Legal Profession”. The program is free and the Law Society of Ontario has accredited the program for 3 hours and 45 minutes of Professionalism content. From the website: “The practice of law exposes legal professionals… Read More »

Categories: Fraud Prevention, Technology

Land Acknowledgement

The offices of LAWPRO are located on the traditional territory of many nations including the Mississaugas of the Credit, Anishnabeg, Chippewa, Haudenosaunee and Wendat peoples. Toronto is covered by Treaty 13 with the Mississaugas of the Credit. LAWPRO respects and acknowledges the histories, languages, knowledge systems, and cultures of First Nations, Metis, and Inuit nations.

Back to top