Must Read Monday Safeguarding Against Wire Fraud
Wire fraud generally involves an attempt to defraud your firm, your client and could damage your reputation.
Before moving forward with disbursement of any funds entrusted to you, consider the following:
Red Flags:
• Receiving an urgent email to disburse funds.
• Communication that does not match original wire instructions.
• Slight variations on an email address of the sender.
• Communication request via email only (without verbal instructions).
• Messages from the sender using incorrect spelling or odd phrases.
• Incoming phone call requests from an unfamiliar contact number.
• Request for an urgent wire transfer after receiving an unexpected check.
Preventative Measures:
• Ensure well-defined protocols are in place for all wire transfers.
• Initiate verbal authorization no matter the urgency of the request.
• Institute electronic security and authentication controls.
• Educate employees on the risks associated with phishing schemes.
• Refer back to your clients’ primary contact information.
• Regularly update spam filters and firewalls.
• Before initiating any wire transfer, always call your client.
Remember wire receipts should be verified either through calling the bank directly or securely logging into the banking portal, rather than solely relying upon an email confirmation of receipt of the wire from your bank.
Together we can bring out the best in the legal profession.
Please email mbinfo@lawyersmutual.com for any questions.
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Must Read Monday Cyber Endorsement Renewal
Lawyers’ Mutual is pleased to announce that we have renewed your complimentary cyber endorsement for another year. Find out more about this free member benefit by logging in to your CLE Portal to see how Tokio Marine HCC-Cyber & Professional Lines Group (TMHCC) can help protect you and your firm from cyber threats.
Your cyber coverage includes protection for cyber ransom, cyber extortion, security breach, network asset protection and costs of notification & remediation. It is administered by TMHCC, a leader in cyber risk management and incident handling.
You and your staff have access to TMHCC’s web based collection of articles, tools and training resources designed to help you set up procedures to prevent cyber-attacks.
You will also have direct access to TMHCC’s in-house claims team and after hours help line should you suspect a cyber breach.
For more information on your cyber coverage, please read our flyer or webpage.
Together we can bring out the best in the legal profession.
Please email mbinfo@lawyersmutual.com for any questions.
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Must Read Monday Enjoy Your Labor Day
It’s Labor Day – and we’re celebrating America’s workers, today and every day.
Our office will be back up and running on Tuesday, September 5th with normal business hours from 9 AM to 5 PM.
We are proud to serve our members and however you decide to celebrate, stay safe. Happy Labor Day.
Together we can bring out the best in the legal profession.
Please email mbinfo@lawyersmutual.com for any questions.
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Must Read Monday Level Up Your Practice
While providing the most dependable professional liability insurance in California, Lawyers’ Mutual strives to assist our members and make the ease of doing business as a lawyer their sole focus.
Complimentary with every policy:
Fastcase legal research system
Dedicated lawyer-to-lawyer hotline
Unlimited access to 100+ hours of Lawyers’ Mutual CLE
Access to 25 hours of Beverly Hills Bar Association OnDemand CLE
Add value to your practice through these partnerships:
Daily Journal exclusive member subscription offer
MyCase case management software
Veritext court reporting agency
Online payment options
Together we can bring out the best in the legal profession.
Please email mbinfo@lawyersmutual.com for any questions.
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Must Read Monday Reminder to utilize your Daily Journal Member Discount
The Daily Journal, California’s leading legal newspaper, provides California attorneys with the news and information they need. As a Lawyers’ Mutual member, you have access to purchase an exclusive subscription offer to both print and digital publications with a 20% off discount.
Redeem your exclusive Daily Journal offer.*
To obtain your exclusive Lawyers’ Mutual member pricing, call or email the Daily Journal.
Phone: (866)531-1492
E-mail: subscribe@dailyjournal.com
Be sure to have available:
- Your Lawyers’ Mutual client number (found in your policy documents)
- Delivery address for your Daily Journal subscription
*New subscribers to the Daily Journal will receive instant access to this offer. Existing subscribers can redeem this offer at the time of their next subscription renewal. This offer is valid for annual subscriptions only. If you need your Lawyers’ Mutual client number, please email mbinfo@lawyersmutual.com with your State Bar Number or for any questions.
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Must Read Monday MyCase Member Discount
As a Lawyers’ Mutual member, you receive a lifetime 10% discount from MyCase, a case management software that is affordable, trusted and efficient for time tracking, calendaring and caseload tools.
Key facts:
- Email integration
- Caseload tracking
- 2-way text messaging
- Unlimited data storage
- Simplified billing process
- Secure client payment portal
- Shared firm calendar to organize deadlines
MyCase makes it easy for lawyers from all areas of practice to adopt and implement the latest legal software.
Sign up for a free MyCase webinar on Unleashing Legal AI: ChatGPT in Practice on Thursday, August 17 at 11 AM to see what MyCase can do with your firm.
Click here to start a free trial of MyCase case management software. Please email mbinfo@lawyersmutual.com or call (818) 565-5512 ext. 280 for any questions.