Howard M. Fielstein, chairman of the litigation consulting practice group at Margolin, Winer & Evens, and John F. Lemanski, a senior manager in the litigation consulting practice group, write: While any outside counsel worth their retainer wants to protect their clients from fraud and mismanagement, the same prudence and caution is sometimes not exercised within the firm itself. Easy access to escrow funds, cash flow crunches during a drawn-out contingency case, an overall laissez-faire attitude toward the firm's financial controls: Add any of these ingredients together, mix, stir, and you have just concocted a recipe for law firm fraud.
October 19, 2009 at 12:00 AM
1 minute read
“Distrust and caution are the parents of security.” –Benjamin Franklin
Safeguarding clients’ interests is what attorneys do best. Armed with a thorough knowledge of the law, firms large and small are the first line of defense between clients and any person or entity that wishes to do them ill.
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