Practice Management Pointers

/Tag: Practice Management Pointers

Prospective Clients and the Conflicts They Bring

Consider the following. A lawyer was approached by a family who owned and operated a daycare center. They needed a lawyer because their son was facing criminal charges alleging he inappropriately touched several of the children at the center. Although this lawyer ultimately declined the matter, during the initial consultation he did learn what their [...]

Cyber Crime: Why Your Ignorance is Their Power

The title to this article explains the real problem when it comes to cyber security. Regardless of all the precautions you or your IT support have taken, from steps like securing your digital assets with the latest and greatest in firewalls and antivirus software to upgrading to the latest in browser software or operating system, [...]

Why You Want To Have Cyber Liability Insurance

An attorney’s decision to use a computer tablet, a cloud based service such as Dropbox, a smart phone, a Wi-Fi network, or even basic email in the furtherance of delivering legal services is not in and of itself unethical nor a poor business decision. The real concern is with what the attorneys who use such [...]

A Primer on Prior Acts Coverage

Let’s start at the beginning. Prior to the 1970’s, legal malpractice policies were occurrence‐based. In short, that meant that if a legal malpractice policy was in force during the time the alleged malpractice occurred, then the attorney had coverage for that occurrence. This created a significant problem for the insurance industry due to the difficulty [...]

The Decision to Hire Contract Attorneys Should Never Be Just About the Money

Firms hire contract attorneys for a variety of reasons, not the least of which is an attempt to control expenses. While reducing expenses is a good thing, the financial savings shouldn’t be the only issue in play as unintended consequences could follow if no thought is ever given to a few other concerns. The issues [...]

The Basics of File Retention & Destruction

The question most frequently asked of ALPS risk managers over the years has been, “What do I need to do with all these old files?” This article shares a little advice to help those with similar questions or concerns regarding the destruction of client files. The first step in file destruction is in determining which [...]

Malpractice Insurance Applications Tips

Underwriters tell me that many lawyers simply do not appreciate the importance of a malpractice insurance application. They share that answers to questions on some applications appear to have been hurriedly written and thus provide little to no useful information. At other times they come across applications that are sloppy and incomplete. This makes me [...]

The Ins-n-Outs of Tail Coverage

Please note: We've updated this content to reflect changes in the market and our policies. Please check out that newest post for the most relevant information.  Thanks! Some attorneys still ask about purchasing a tail policy or tell me that they have purchased a tail policy to cover their retirement years. Truth be told, there [...]