Malpractice in Law Firms

Helping to avoid Law Firms´malpractice

One of the stark new realities facing Partners within law firms across the country is a dramatic increase in the risk of significant liabilities that can affect
their firms.

The recent actions filed against Partners in connection with Money Laundering and other forms of fraud are a clear reminder of the potential
vulnerability of law firms to the actions or mistakes of individual partners and their support staff.

But the new risks facing law firms go well beyond the problem of criminal activity. Although most law firms of any size have for many years had ethics and practice committees or risk management partners charged with broad oversight of risk issues, most such committees or partners have spent their time dealing with more traditional risk questions, such as conflicts of interest and review of fee arrangements etc.

They have not generally focused on the more subtle – and arguably more important – risks now confronting their firms.

Posts about Malpractice in Law Firms: