Owning a law firm comes with many responsibilities – managing finances, employees and clients. With all of that and more on your plate, it can be hard to find the time to shop around for the right insurance coverage for your firm. Luckily, Lockton Affinity Lawyer offers Business Owners and Workers’ Compensation policies, in addition to their Professional Liability and
From clear communication to proper documentation, there are many ways you can prevent malpractice claims and subsequent loss at your firm. Does your firm follow these loss prevention tips?
- Avoid Conflicts of Interest
Allegations of conflict of interest drive both frequency and severity. Watch carefully for conflicts arising from dealings with former or current clients and avoid those arising from your own
As states continue to legalize cannabis for medicinal or recreational purposes, professional service firms are experiencing a rapid growth of new markets for their services. While this opportunity for growth is exciting, and despite the effect of state law, marijuana remains illegal under Federal Law. This conflict between state and federal statutes places marijuana businesses or supplemental businesses at risk of being
Many attorneys now routinely place fee shifting provisions in their attorney-client retainer agreements. These provisions generally provide that in the event of a dispute between the client and the attorney, the prevailing party may recover their attorney fees. These agreements, however, may not be appropriate in every case or for every law firm. The following article discusses certain disadvantages to such fee
Like cyberattackers, Scammers are inserting themselves into legal, real estate and other transactions with a level of sophistication never before seen. These scammers can duplicate email addresses, steal letterhead, and follow a transaction so that they learn the intimate details. There is one way to prevent this fraud – a telephone call must be placed before funds are wired. The only
Avoid creating confidentiality through a firm website
Law firm websites are designed to be helpful, but they are also designed to generate business. As a result, many law firms share information about the firm, its attorneys and ways to contact their company. In the contact section, the firm may ask individuals to provide their name, contact information and a brief description of their
Do I really need Malpractice Insurance?
Do you wonder if you really need legal malpractice insurance when you open your law practice? Even if your practice is small and you are extremely diligent in your work or you work in an area where ‘everyone knows everyone’ and you believe that your clients would never sue you, consider the following:
- An estimated 4-17% of