The Law Society has issued updated practice guidance on protecting your law firm if you fall victim to a scam

Firms holding client accounts are vulnerable to the risk of theft of confidential data, which could lead to the theft of client money held in client accounts. Firms of all sizes can be targeted and the effect on the scammed firm can be extremely serious both financially and reputationally.

If you find or suspect that your firm has been the victim of a scam, you must immediately take certain actions to safeguard your clients' money and potentially your firm's reputation.

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