L Squared Insurance Agency Blog: attorney malpractice
View the latest blog posts from L Squared Insurance Agency.
Thursday, November 3, 2016The general public commonly believes that attorneys rarely get sued. By one estimate 1 in 20 private practice attorneys face a legal malpractice claim each year. Other estimates are that a private practice attorney can face 3 malpractice claims during their careers. READ MORE >>
Monday, October 31, 2016As the law firms try to address their costs by avoiding hiring new associate attorneys many firms have turned to hiring contract attorneys either on a short or long term basis. This has advantages to the law firm by being able to take on more legal work without having to permanently increase its fixed costs. READ MORE >>
Thursday, October 27, 2016While is seems like our presidential candidates can state virtually anything to win the election. Attorneys representing clients are held to a higher standard. This issue was addressed by the California Standing Committee on Professional Responsibility & Conduct for a hypothetical case. READ MORE >>
Monday, October 24, 2016We are occasionally asked what would constitute a “deliberate act” under an attorney malpractice policy that would be excluded from coverage. Gaining an advantage at any means will likely lead an attorney down this path. Here are some deliberate acts in the extreme. READ MORE >>
Friday, October 21, 2016The world has changed in the past few years. All of us think nothing about tweeting or posting about what we did, what we saw, what we ate or how we feel almost as soon as it happens. Sometimes if makes us feel good to air publicly arguments or disagreements when we perceive that we were treated unfairly. READ MORE >>
Thursday, October 20, 2016One of the most preventable attorney malpractice claims is a statute of limitations claim. The initial steps at client intake can help avoid or minimize your risk of being sued. The firm needs at intake determine if the firm is bumping up against a statutes of limitation issue. READ MORE >>
Tuesday, October 18, 2016All Lawyers Professional Liability Insurance policies sold in the USA are claims made policies. This continues to be an issue that comes up time and again with attorneys that falsely believe if they let their coverage lapse that past acts will be covered by the lapsed Attorney Malpractice Insurance Policy. READ MORE >>
Friday, October 14, 2016 Malpractice Insurance—Coverage for Sanctions There is no coverage for sanctions or fines under a Professional Liability Insurance policy. In most cases sanctions or fines would not be insurable anyway. READ MORE >>
Wednesday, October 12, 2016Many law firms do not answer these questions correctly on the Lawyers Professional Liability Insurance application. Some law firms might perceive this to be no big deal. When not answered correctly, it could lead to claims being denied (an extreme case), but likely additional underwriting questions and/or a premium that may be much higher or lower than it should be. READ MORE >>
Friday, October 7, 2016Normally attorney’s fees are not covered by a Lawyers Professional Liability Insurance Policy. The reasoning for this is that the awarding of attorney’s fees by the court is meant to punish the attorney. It is also meant to discourage attorneys from engaging in similar conduct in the future. READ MORE >>
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