On the 20th August 2015, the Law Society published a new practice note: Protecting your firm if you fall victim to a scam.
Criminals use a variety of methods to extract vital information from law firms; among which is the creation of bogus law firms that are set up to impersonate real ones in order to dupe conveyancers into transferring client money to fraudulent bank accounts.
In fact, according to the SRA, 701 bogus law firms were reported to them in 2014 which was a 28% increase on the figure from 2013. In light of this new practice note, this month we’re asking you: Has the latest Law Society Practice Note led to any changes at your practice?
POLL NOW CLOSED