Swiss Re recently experienced a complex, high exposure case related to improper file documentation. The case likely would not have been pursued if the insured had properly documented their client file.
To prevent experiencing a similar case, read on for proper file documentation tips.
Our insured attorney represented debtors in a bankruptcy case. One of the pressing issues in the bankruptcy case was
Withdrawing from a case usually comes from irreconcilable differences between attorney and client. The manner and means of terminating that relationship can affect the likelihood that a malpractice claim will be presented.
First, know and follow the procedures applicable in your jurisdiction. Many states, like California, provide in their own Rules of Professional Conduct when withdrawal is mandatory and when it is permissive.
Claims made against attorneys who practice in the area of estate, probate and trust have been steadily increasing.
As the Baby Boomer generation ages, we are experiencing the largest generational transfer of wealth than at any other time in our history. While the Boomers are the wealthiest of all previous generations, they often lived with a “can’t take it with you” mentality.
Even with
As an attorney, not much seems worse than facing a malpractice claim. Having a financially sound, respected and dependable carrier, however, can make all the difference during such a stressful time. Knowing that insurance professionals are managing the defense of the claim and that your carrier will be there to fund any settlement or judgment against you is essential for your peace
In 2016, the ABA and Hazelden Betty Ford Foundation evaluated 12,825 practicing attorneys and revealed some troubling findings. The study found:
The study also found that lawyers younger than 30 years of age and those working in the field for less than
More and more lawyers are using social media to take advantage of the effortless accessibility to the public. With so many law firms and lawyers participating, it is wise to review the professional conduct rules governing communication and advertising. Understanding the rules while navigating the uncharted waters of social media can make the difference between great marketing and
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
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
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
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