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L Squared Insurance Agency Blog: claim prevention

View the latest blog posts from L Squared Insurance Agency.

From 2018 Fall Newsletter of AttPro Ally www.attorneyprotective.com/   Scammers are increasingly targeting lawyers by sending forged emails to law firms, their clients and/ or to financial institutions, instructing that funds be wired to accounts controlled by the scammers. READ MORE >>

Attorney Malpractice insurers find that the use of non-engagement /disengagement letters reduce legal malpractice insurance claims.  Insurers have defended and paid on claims where the client alleges that the law firm was still representing them when the law firm thought they were no longer ... READ MORE >>

Engagement letters confirm the representation’s scope setting forth the parties’ responsibilities, billing rates/contingency agreements and expense costs.  Engagement letters discuss the scope and limits of the firm’s representation. The engagement letter memorializes the bounds of the firm’s actual representation. READ MORE >>

You're approached at an informal gathering about a legal matter that a friend has.  Giving informal legal advice to friends or family is like looking down the barrel of a gun to see if it is loaded. It can be tempting at a party or family event, but it could be harmful to both yourself and the receiver of the advice. READ MORE >>

A leading cause of attorney malpractice claims is conflicts of interest. That little check box on the application can determine whether you get a preferred rate or even a malpractice quote from some insurers.  Beyond representing both parties in a proceeding such as a divorce, there are many hidden conflicts that can cause problems for law firms. READ MORE >>

Approximately twenty-five percent of legal malpractice claims result from calendaring issues such as failure to know a deadline; failure to timely file; failure to record in a calendar; or failure to respond to a calendar reminder. READ MORE >>

Notice the title states avoiding not preventing attorney malpractice claims.  Every attorney I know complains about the rising cost of attorney malpractice insurance.  This is especially true for the attorneys that started practice in the 70’s and 80’s. READ MORE >>

The best attorney in the world can still end up with an attorney malpractice claim by taking the wrong client or case.  Every firm needs to have a client intake procedure that they use for every new client and case.  It is best to have a written plan that everyone in the firm follows. READ MORE >>

Attorney Malpractice carriers have found that the use of non-engagement letters/disengagement letters can reduce Lawyers professional liability insurance claims.  Attorney Malpractice Insurance carriers have defended and paid on claims where the client alleges that the law firm was still rep... READ MORE >>

Overview of Engagement Letters Engagement letters confirm the representations scope setting forth the parties’ responsibilities, billing rates/contingency agreements and expense costs.  Engagement letters should discuss the scope and  limits of the firm’s representation. READ MORE >>

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