We're sorry but your browser is not supported by Marsh.com

For the best experience, please upgrade to a supported browser:



Client Adviser – The Hazards of Handling Client Money


Holding client money and then paying it out carries risk for any business. A recent rise in criminal activity targeting client money has increased risks for law firms, which could be found liable if this money ends up in the wrong hands as a result of crime or fraud.

The cases mentioned in this adviser demonstrate the expectation that solicitors respond to new threats and trends in addition to assessing the individual risks of a case, and advise clients accordingly. To remain relevant, firms’ risk management strategies need to include control mechanisms by which current barriers and mitigants are assessed to ensure they are effective in preventing these new threats.