Attorneys often prefer to focus on the practice of law, relegating everyday business-related responsibilities to employees. While this may be convenient, it also can expose the firm to theft and fraud. But protecting the firm and its attorneys does not have to be an intimidating or time-consuming task. With some awareness of and adjustments to daily business practices, lawyers can minimize the risks of fraud and theft, from embezzlement to payroll scams to cash larceny.
Reducing a firm’s fraud risk begins with the attorneys in charge getting more involved with the firm’s everyday business affairs. Firms that establish an atmosphere of overseeing employees and finances have the greatest success in preventing fraud. Here are five simple, routine tasks that significantly lower a firm’s fraud risk.
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