Obviously avoiding errors and the associated risk of a malpractice claim is ideal. While understanding the trends and common errors that contribute to legal malpractice claims is important, taking proactive risk management steps, like sending engagement letters, is even more essential.
Risk management training and education services can help avoid claims, however they can be costly, especially for smaller firms or attorneys
An engagement letter is a contract between you and your client. Each new client or project, big or small, should start with an engagement letter that is signed by all associated parties. These letters can be used as binding contracts in the event of fee disputes, collection issues and more. Overall, this documentation delivers peace of mind and security to both parties.
Lockton Affinity Lawyer has added Life, Health and Disability Insurance to its suite of products for law professionals. Traditionally, life, health and disability benefits have only been easily accessible to attorneys at big law firms.
At Lockton Affinity Lawyer, we believe everyone deserves access to these group benefits. We guarantee the following benefits for firms with two or more covered associates. We also
Law firms are becoming more and more concerned about reputational damage. As information disseminates more quickly than ever before, lawyers are often confused about how to respond to publicity and press inquiries.
Westport has heard these concerns and is pleased to announce a new risk management offering – Public Relations Event Service. With your professional liability policy through Lockton Affinity’s Lawyer Insurance Program,
As an attorney, you likely have a lot on your mind, but finding Professional Liability for lawyers shouldn’t have to be one of them. With coverage from Lockton Affinity Lawyer, your career and firm is protected. Read on for all you need to know about Professional Liability Insurance.
+ Why do I need Professional Liability Insurance?
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?
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