Law firm embezzlement: the butler didn't do it

The butler didn't steal from the law firm trust account, but someone equally unlikely did.

"Often, the embezzler is the very last person anyone would suspect of wrongdoing -- a trusted employee or partner whom everyone likes and respects," writes Karen Erger in the August Illinois Bar Journal. "The revelation that a seemingly loyal colleague has been stealing from the firm and/or its clients for many months or years can cause inestimable damage to the law firm's morale and reputation. And the financial loss can be devastating."

In the wake of high-profile embezzlement prosecutions in Chicago and Champaign, Karen looks at how law firms put themselves at risk, offers some theft-prevention techniques, and identifies "symptoms that may indicate that your firm is the victim of employee fraud or embezzlement." Read her advice.

Posted on July 31, 2012 by Mark S. Mathewson

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