L Squared Insurance Agency Blog: fee suits
View the latest blog posts from L Squared Insurance Agency.
Tuesday, October 11, 2022 Suing clients for unpaid legal fees can cause your attorney malpractice insurance premiums to increase. With admitted insurers as few as 5 client fee suits for unpaid legal fees in a 2-year period causes the insurer to either decline, non-renew your insurance or place restrictive policy exclusions on your policy. READ MORE >>
Monday, May 16, 2022Suits for fees are one of the leading causes of attorney malpractice claims. Studies suggest that 33% of all malpractice claims are due to fee suits. The larger the percentage in over 90 days past due receivables, the more likely the firm will have issues when they try to collect the past due amounts. READ MORE >>
Tuesday, November 17, 2020We continue to post on avoiding fee disputes with clients. Why, because it is a leading cause of attorney malpractice claims. Avoid fee disputes by explaining the fee arrangement in great detail during the first meeting. Confirm this understanding in writing and have the client agree by signing the agreement. READ MORE >>
Tuesday, October 20, 2020 There is no Acord standard policy wording for an Attorney Malpractice Insurance Policy. With that said a common exclusion is for awarded attorney’s fees. Attorney’s fees can run in the hundreds of thousands of dollars which can be a significant surprise if the firm is not aware of this policy exclusion. READ MORE >>
Wednesday, August 26, 2020Excerpt from the August 26, 2020 Attorney Protective Webinar of Top Ten Tips 1. Be consistent -establish consistent policies and procedures for billing & collection that all attorneys and staff must follow 2. READ MORE >>
Tuesday, August 25, 2020As the Pandemic continues many clients cannot pay all their bills. Legal fees are a lower priority to food and rent. So, suing clients to collect legal fees is likely to become more common place. A note of caution, suing clients for unpaid legal fees can cause your attorney malpractice insurance premiums to increase. READ MORE >>
Thursday, March 22, 2018Attorneys become upset when they find out that suing clients for unpaid legal fees can cause their attorney malpractice insurance premiums to increase. In fact, with many admitted malpractice insurers as few as 5 client fee suits for unpaid legal fees in a 2 year period causes the insu... READ MORE >>
Tuesday, January 23, 2018Making a practice of suing clients for unpaid legal fees is like playing the lotto. The more you sue the greater your chances of getting a retaliatory malpractice claim or disciplinary complaint. An attorney will state, “I want to get paid for the work that I do, so why does my Lawyers Liability Insurance carrier care? READ MORE >>
Monday, July 17, 2017Many lawyers and law firms are faced with this problem. The firm has done all the right things trying to avoid billing problems by setting expectations clearly and in writing from the outset to avoid surprises for clients: obtained an upfront retainer, billed on time, providing clear understandable bills, and specified the deadline for payment. READ MORE >>
Friday, March 17, 2017A recent blog addressed many issues associated with Suing Clients to Collect Unpaid Legal Fees. A few law firms seem to think that it is not as bad if they turn the accounts over to a 3rd party to collect. Attorney Malpractice Insurance Carriers treat these suits the same as the firm had sue the client directly. READ MORE >>
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