In this 2020 video Paul Smith, a solicitor and risk management consultant at Travelers, reveals 36 dishonesty scenarios – where a law firm's staff, clients or external criminals can potentially steal money or assets during various legal transactions.
The examples cover residential property and lending, trust and probate, commercial litigation and many other situations.
By the end of the video you will know how these different risks can develop and what measures to use to control them.
This is the third in a series of 'Ten-minute briefings' on YouTube, to share Travelers' knowledge around risks in legal practice. It is based on our claims experience here at Travelers over almost 20 years, covering all law firms from sole practitioners to global law firms.
- Five highly practical factsheets explaining how to avoid professional negligence claims in residential conveyancing, wills and probate, commercial property, company and commercial, and commercial litigation
- PI insurance for law firms FAQs: Part one (50 FAQs)
- PI insurance for law firms FAQs: Part two (48 FAQs)