Why Report Malpractice Claim to Your Insurer Firms are sometimes reluctant to report malpractice claims made against them. The firm may feel that the claim is small, they can cover it themselves and it will help their insurance history, thereby keeping their...
Covering Prior Acts for an Attorney Joining Your Firm The short answer is “Don’t do it.” Prior to making an offer to your new potential attorney about joining your firm this is an important conversation. The best course of action is for your new attorney to purchase...
New ABA Formal Opinion 514 Addresses “A Lawyer’s Obligations When Advising an Organization About Conduct that May Create Legal Risks for the Organization’s Constituents.” When representing an individual client, lawyers communicate directly to the client. However, when...
The Corporate Transparency Act – January 2025 Update Ongoing legal challenges, potential amendments, and the possibility of the repeal of the Corporate Transparency Act (CTA) have thrown obligations under the CTA in flux. FinCen has confirmed that...
Malpractice Insurance Application: Truth or Consequence Policy Rescinded Material misrepresentation or non-disclosure on the attorney malpractice insurance application that crosses a line will get coverage rescinded. Addressing a problem honestly and promptly...
