Lockton Affinity, LLC, Author at Lockton Affinity Lawyer

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So far Lockton Affinity, LLC has created 30 blog entries.

Misappropriation of Client Funds Risks for Lawyers

Many courts view the misappropriation of client funds as one of the most serious forms of professional misconduct. While many attorneys would prefer to direct most of their focus to their performance in the courtroom, serious consequences can result from accounting mistakes and inaccuracies, even when there has been no intent to deceive or defraud a client.

Attorneys are held to a high

February 28th, 2022|Law Firm Tips|

4 Fee Shifting Provision Risks

Like many attorneys, there may be times where you routinely include fee shifting provisions in your attorney-client retainer agreements. However, these agreements may not be appropriate in every case or for every law firm. Before you proceed, take time to understand the benefits and risks a fee shifting provision may entail.

To Fee Shift or Not?

Fee shifting provisions are generally intended to help

December 21st, 2021|Uncategorized|

Professional Liability Claims: The Dangers of Providing Free Legal Advice for Friends

As an attorney, it’s not unusual for friends and family to reach out to you for help with some fast and free legal advice. While it may seem natural to use your knowledge to help answer their questions, it’s a situation that could end in a lawsuit without the proper protections.

Attorneys are held to high standards of professionalism that apply even when

September 28th, 2021|Law Firm Tips|

4 Tips for Texting Clients for Lawyers

Texting can help facilitate scheduling, reminders and quick communications, while also giving clients a positive impression that you’re friendly, accessible, committed to providing the best legal representation.

However, text communications may pose a substantial exposure for attorneys. If you text with your clients, it is important to consider these four factors to manage your risk:

1. Immediacy

According to communication studies, 95% of texts are

June 16th, 2021|Swiss Re|

3 Client Screening Tips for Lawyers

When it’s practiced consistently, good client screening can reduce the risk of engaging in representation with an undesirable client or on a matter inconsistent with the firm’s areas of expertise. No firm wants to get bogged down chasing unpaid bills or trying to attend to the needs of a high-maintenance client.

With a well-developed initial client screening process, you can help avoid potential

June 16th, 2021|Attorney Protective|

Top 10 Legal Malpractice Claims

Each law firm is unique, with different clients and case matters. While all firms face some risk of a malpractice claim, some areas of law are more risky than others. The best way to manage the specific risks you face is to understand them. Here’s what you should know about a new study ranking the top 10 legal malpractice claims.

Top 10 Legal

April 7th, 2021|Swiss Re|

Cloud Technology and Remote Workforces

In the wake of the pandemic, the adoption of cloud technology and remote workforces in the legal sector is accelerating, prompting lawyers and law firms to manage new and emerging risks.

There will always be growing pains during a digital transformation. Lawyers will have to navigate bugs and technical difficulties, technologies will be discontinued or replaced, and hackers and scammers will try to

April 7th, 2021|Attorney Protective|

All Things Digital: Best Practice Tips for Your Firm’s Digital Presence

Email, texting, social media, websites, billing systems—The digital connections you use to do your job every day can present a risk, particularly as a lawyer obligated to professional ethical standards.

Implement these six tips for your firm’s digital presence.

Prioritize Password Security to Minimize Data Risks

Lawyers need to strike a balance between easy access to their digital files and securing the firm’s confidential data.

February 1st, 2021|Swiss Re|

21 Tips to Reduce Your Risk of Claims in 2021

The start of a new year is the perfect time to reflect on the wins and losses of the last year and think about how to make this year even better. Unfortunately, this year some lawyers will face a claim of legal malpractice even when no error has been made. But with the right steps, you

February 1st, 2021|Attorney Protective|

Fake Client and Counterfeit Check Scams Affecting Law Firms

The threats facing the law profession continue to evolve. Most recently, some lawyers and law firms have faced fake client and counterfeit check scams.

The scheme has resulted in the loss of hundreds of thousands of dollars from the trust fund accounts of law practices, and some lawyers have faced claims, lawsuits and fines from banks, clients and regulators.

Worst of all, not all

November 18th, 2020|Attorney Protective, Cyber Security|