Security Scams – Very Important Practice Note from the Law Society

The Law Society has issued an important practice not on dealing with Security Scams which are becoming very frequent . Partners of Law Firms need to read this because it sets out what regulatory implications will flow if you fall victim to these scams which are becoming very sophisticated .

It may be useful to ensure that your systems are checked . The SRA will require Partners to put right any loss to Client account and you must have adequate arrangements in place to cover you .

The Practice Note Protecting your firm if you fall victim to a scam – The Law Society