Like many lawyers, you and your law firm have worked hard to build a great reputation. Yet in today’s world, information travels farther and faster than ever before, causing many to be concerned about the rising risk of reputational damage. Moreover, when it comes to unexpected publicity or press inquiries, lawyers and law firms are often unsure how best to respond —
When shopping for professional liability insurance for your law firm, ensure you are getting the best possible protection for your assets and reputation. At Lockton Affinity, we have built an extensive network of reliable, financially stable and highly rated carrier partners—among them, Swiss Re.
In addition to competitive premiums, Swiss Re Corporate Solutions excels when it comes to longevity, financial strength, claims handling,
Recently, the legal malpractice industry has seen an uptick in claims filed against defense attorneys. Some of these claims are of high severity, resulting in seven figure settlements or verdicts.
What is responsible for this new development and how can defense attorneys guard against it?
Traditionally, defense work supported by institutional clients drew relatively few malpractice claims. Institutional
For a lawyer, there is nothing worse than the gnawing feeling something at the office is not quite right. Why hasn’t my client returned my phone calls? Did I file that brief on time? Why is my client late paying their bill?
It is inevitable that you will make a professional mistake at some point during your career. Once you realize an error
Often, friends or family will approach attorneys for free and quick legal advice. While it may seem like a good idea, providing such advice, without taking the proper measures, can end in a lawsuit.
In a recent professional liability claim, a friend approached an attorney (a Swiss Re insured) to assist in forming a corporation.
The attorney helped form a commercial
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
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
Protect yourself with a double security protocol and remember to never send a wire based upon an email alone.
Fraudsters continue to successfully misdirect wire transfers by inserting themselves into email exchanges between parties of real estate and other transactions. Sophisticated fraudsters, however, are no longer just hacking a real estate broker or law firm’s computer server to commit this wire fraud. Fraudsters