Bogus law firm alerts up by 20 pc

By Neasa MacErlean

07 November 2014 at 15:40 BST

There were 454 reports of bogus law firms made in the eight months to the end of August to the English and Welsh regulator, the Solicitors Regulation Authority (SRA).

Commenting on the 20 per cent rise, the SRA said nearly half of the cases involved the identity theft of an individual lawyer or law firm. In a case study of a City law firm, the SRA showed how some fraudsters copied several web pages of a large practice, changed the names of some of the partners and then sent out emails asking for upfront payments in relation to inheritances coming from unknown relatives. Source: Legal Futures


Also read...

Linklaters in German blockchain first

In DLT-based payments, Linklaters advises Commerzbank on pilot project for machine-to-machine payments.