Risk management Archives - Lockton Affinity Lawyer

Announcing a New Risk Management and CLE Provider

Starting off the new year, we have some exciting news. At Lockton Affinity, we have built an extensive network of carrier partners who are attentive to the evolving concerns and needs of today’s legal professionals, among them, Swiss Re. We are pleased to announce that Swiss Re Corporate Solutions is now offering Swiss Re policyholders access to a new risk management and

January 22nd, 2024|Insurance information, Risk management, Swiss Re|

Delayed Claims Reporting Cost This Client $15 Million

On June 29, 2023, the case of Students for Fair Admissions, Inc. v. President and Fellows of Harvard College culminated in a landmark ruling by the U.S. Supreme Court, which held that colleges and universities can no longer take race into consideration as a specific basis for granting admission.1 It’s a decision that will have lasting impact, yet it is not the

October 2nd, 2023|Risk management|

The Risks of Willful Blindness to Client Fraudulent Conduct

Most lawyers don’t have a crystal ball sitting on their desk. But every lawyer should know the signs that suggest something might be off about a client and understand their duty to investigate under the applicable ethics guidelines.

Unfortunately, some individuals do engage with legal professionals to defraud institutions, commit crimes or launder money. Lawyers are held to high standards and the consequences

September 7th, 2022|Risk management, Uncategorized|

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|Risk management, Uncategorized|

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, Risk management|

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, Risk management|