There are multiple scenarios whereby fraudsters will attempt to have you wire funds to a different account than the one that you had intended to fund. Unfortunately, some of those attempts are successful. LAWPRO has received such claims and heard of many others. Here are some tips to assist you if such a fraud happens… Read More »
Categories: Fraud PreventionIn parts 1 to 3 of this series we discussed the three traits that lawyers score particularly high on in personality assessments: skepticism, autonomy, and urgency. In this post and the next we look at two traits that lawyers score low on: sociability and resilience. In some ways, these are the most surprising findings. The… Read More »
Categories: Risk Management Strategies, Career Management, Law Practice ManagementIn our previous two posts we learned that good lawyers score in the top 10th percentile on measures of skepticism and autonomy. A third trait that lawyers score high on is urgency, which measures a lawyer’s need to get things done and degree of impatience. Consultant Dr. Larry Richard states in his LAWPRO article that… Read More »
Categories: Career Management, Law Practice Management, Diversity, Risk Management StrategiesAn Ontario lawyer advised that he got a call from someone purporting to be from Rogers, inviting him to participate in a new website offered by Rogers for commercial leasing lawyers to help them increase their business. The lawyer asked him for more information, but the person insisted that he log on to a website,… Read More »
Categories: Fraud PreventionFollowing up on my previous post on lawyers’ personality traits, we discuss autonomy, a trait that helps lawyers do their job but makes them poor bedfellows in a law firm environment. Dr. Larry Richard states in our LAWPRO magazine article “Herding Cats: The Lawyer Personality Revealed” that studies suggest high achieving lawyers score in the 89th… Read More »
Categories: Risk Management Strategies, Practice Aids, Career Management, Wellness and Balance, Law Practice Management, DiversityA number of firms have reported a new kind of scam targeting firm staff that have access to bank accounts. The scenarios have all been slightly different, but the common aspect appears to be using legitimate email addresses of senior firm members to dupe another member of the firm staff (or other firm) into either… Read More »
Categories: Fraud PreventionThe TitlePLUS program has some great resources for real estate lawyers and their staff that will help reduce claims exposure, including sample retainer and reporting letters – two important risk management tools. The documents you can use and adapt are: Sample retainer letter Sample report to purchaser Sample report to lender Work Order Warranty Waiver… Read More »
Categories: Law Practice ManagementA skeptical lawyer is a good lawyer. He scrutinizes every line in a contract. He questions the opposing party’s arguments. He looks for hidden motives. He looks at the law with a critical eye. His legal decisions are guided by a healthy pessimism, which helps him guard against mistakes. At the same time, a skeptical… Read More »
Categories: Wellness and Balance, Law Practice Management, Diversity, Fraud Prevention, Practice Aids, Career ManagementAccording to the Association of Certified Fraud Examiners companies lose 5% of their annual revenues to fraud, with a median loss amount of $145,000. And law firms are not immune to this. The Lawyers Mutual of North Carolina blog has posted a “profile of a fraudster“, that can help firms learn to spot the red… Read More »
Categories: Fraud PreventionLand 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.
