- Joined
- Jul 14, 2008
- Messages
- 90,141
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- 113
In view of the number of reported cases of lawyers absconding with their clients' money, why doesn't the legal system or the law society or even internally the law firms, simply make it compulsory for all lawyers to have a minimum of 2 signatories for such accounts?
We have read many cases of individual lawyers absconding with their clients' money, but I believe we have yet to have a case of 2 lawyers from the same firm eloping with their clients' money. Wouldn't having a minimum of 2 signatories protect the clients? Or are they simply too lazy, busy or arrogant to implement such a simple measure?
And aren't the other partners in thw law firm supposed to be jointly and severally liable for their errant partner's crimes? Shouldn't they have to compensate the clients who lost their money? If that was the case, I bet they would implement a dual signatory system in a hurry.
We have read many cases of individual lawyers absconding with their clients' money, but I believe we have yet to have a case of 2 lawyers from the same firm eloping with their clients' money. Wouldn't having a minimum of 2 signatories protect the clients? Or are they simply too lazy, busy or arrogant to implement such a simple measure?
And aren't the other partners in thw law firm supposed to be jointly and severally liable for their errant partner's crimes? Shouldn't they have to compensate the clients who lost their money? If that was the case, I bet they would implement a dual signatory system in a hurry.