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Liability RisksBased on a recent Lawyers Professional Liability Insurance Conference in Law Vegas, Argo Pro’s Kim Noble released its Top 6 Liability Risks for Lawyers:

1.       Cyberattacks—As reported in our Blog, in 2017 22 Percent of the law firms reported a Cyber Attack.  This is up from 14% in 2016.

2.       Privity Laws--Current case law shows a trend away from strictly adhering to privity laws, making it unclear how far an attorney’s liability for negligence could extend.

3.       Marijuana Laws--Although marijuana is still illegal at the federal level, lawyers are being allowed to advise clients on this subject in a growing number of states where it’s legal.

4.       Legal Ethics--Law firms should have ethics partners on staff to serve as independent and confidential investigators into ethical issues.

5.       Picking the Right Clients--Communication is key to ensuring prospective clients are people you want to represent, who won’t pose unforeseen risks.

6.       Trust & Estate--Current trends show lawyers practicing in the estate probate and trust areas are not only facing more claims, but they are also becoming expensive to defend.

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