Fraud Reporting for Law Firms
Tenet were invited to contribute our expertise to Practical Law, providing essential resources on fraud management for law firms. Authored by Elaine Mitchell and Arun Chauhan, these articles offer valuable tools to help legal practices navigate fraud prevention, detection, and response effectively.
Fraud reporting form: law firms
A fraud reporting form to be used by law firm staff when a fraud is discovered or suspected. The form prompts the staff member to provide all the information necessary for the firm’s risk and compliance team to be able to triage the incident quickly and take it forward, in accordance with the firm’s fraud response plan (FRP).
This document is published by Practical Law and can be found at Practical Law and downloaded as a pdf here.
Developing a law firm fraud response plan: checklist
A checklist outlining the key steps for law firms regulated by the Solicitors Regulation Authority (SRA) in England and Wales to take when developing a fraud response plan (FRP) to be implemented when a fraud is discovered or suspected. It addresses response planning and process issues, such as legal considerations, investigation team membership, regulatory reporting, IT assistance and public relations considerations.
This document is published by Practical Law and can be found at Practical Law and downloaded as a pdf here.
Developing robust fraud controls: checklist
A checklist summarising good practice to support law firms regulated by the Solicitors Regulation Authority (SRA) in England and Wales with their fraud prevention controls across all aspects of their businesses.
This document is published by Practical Law and downloaded as a pdf here.
About the Authors
Arun Chuhan | Founder – Tenet
Arun is an accomplished lawyer specialising in disputes and compliance investigations, bringing successful litigation claims to recover loss from financial fraud. Founder of disruptive law firm Tenet, the only niche law firm in its field outside of London. Arun is a regular speaker and trainer on counter fraud issues as well as an expert for the BBC providing advice to consumers on fraud risks, featuring on programmes such as Watchdog, Panorama, Rip Off Britain, as well as BBC and Sky News. He is Trustee Director for the Fraud Advisory Panel and provided evidence to a House of Lords Committee about the impact of digital fraud and effectiveness of the 2006 Fraud Act.
Elaine Mitchel | Solicitor – Consultant
Elaine has more than 10 years’ experience, specialising in claims against a range of professionals; including solicitors, accountants, loss adjusters and insurance brokers.
Her regulatory and compliance expertise has been invaluable to her clients who, without her help, would have suffered serious reputational, regulatory and financial consequences.
She is quick to identify practical solutions and strives to resolve matters as swiftly and as cost-effectively as possible.
Let’s talk solutions
If your business requires assistance in formulating its fraud response plan or in relation to fraud prevention and detection, please email Elaine Mitchell with any questions or to arrange a call so we can understand more about your business and the specific challenges you face.
We are always keen to invest our time helping organisations navigate the complex world of responding to and avoiding fraud so please do reach out and get to know us.
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