Show Me the Money


When money disappears...

Businesses have money; law firms are businesses; and businesses sometimes find their money has disappeared. When this happens in a law firm, either there has been an honest mistake, or there has been intentional theft that qualifies as fraud or embezzlement. Both inevitably reflect poor policies and procedures in handling everyday law office funds.

...and fraud is the culprit

When fraud is the culprit, the motivations for funds to go missing can be as varied as the people who take the money. Someone who has real or imagined financial hardship may lose his or her moral compass when money is readily available and not readily monitored. More often the real problem is that the opportunity is there. Lawyers in charge of the firm focus on their practices and rely on a trusted employee who has been with the firm for years and who is given free rein and little scrutiny.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Ed Poll, LawBiz | Attorney Advertising

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