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Jan 07
2009
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Recently, I visited with an attorney that is setting up a new law firm.
The reason this seasoned attorney was creating the new practice was caused by internal theft at her old partnership.
Her partner had embezzled over $1,000,000. While she and the staff thought the partner was suffering from health problems, he had set up another company bank account using his home address and was working hard... just not for the firm...
The receptionist had conspired with the embezzler or at least looked the other way.
A lawsuit was filed, and a judgment of over $800,000 was awarded to the cheated partner. She may never see the money as the offending partner is now in rehab.
The loss is not only the cash to the firm, but the time and effort involved in the lawsuit as well as the process of rebuilding the trusted relationships with the client base for the new law firm.
Are you certain that your company is not open to theft from the inside?
Now is the time to review your policies and procedures to reduce the chance of internal and external theft.
