Potential Risks to Be Aware of When Valuing Claims

When hiring attorneys, clients may not only expect them to have knowledge of any relevant legal procedures but to also provide counsel regarding the risks and possible outcomes of a matter. In the case of litigators, it may mean that the client expects an evaluation of their potential liability or recovery in connection with a lawsuit. In most litigations, settlement is usually at least considered at some point or another,…

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Tips for Choosing a Professional Negligence Insurance Policy

Most law practices today know that it’s worth having a professional liability insurance, even if they operate in states which don’t require them to. A much harder analysis, though, can be to determine what type of coverage to purchase and for what amounts. Brokers and insurers can help with answering those questions, but let’s look at some factors a practice might want to consider. Choosing the Right Insurer When you…

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Tips on Dealing with a Malpractice Claim

It can be scary to find yourself on the receiving side of a malpractice claim, but there are certain things you can do to make sure you don’t make a bad situation worse. A good place to start would be reviewing any applicable legal malpractice policy to identify your obligations and formulate a plan. Lawyers sometimes tend to respond to claims in ways that complicate matters and may make it…

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Tips for Making Sure You Comply with Your Ethical Obligations

Attorneys are generally aware of the ethical obligations they have toward their clients and they take them seriously. However, law firms don’t simply assume that their lawyers are complying with their ethical obligations and they take steps to assist them whenever ethical issues arise, and, in some cases, help minimize the potential harm facing the client, attorney, and firm. A law firm’s efforts in helping its attorneys and partners comply…

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Obligations to Your Clients and Their Insurers: A Balancing Act

It’s not that uncommon for business litigation to involve insurance companies. There are situations where an insurance policy may provide coverage or a defense for litigation, meaning that the insurance company may pay the legal fees incurred by the policyholder’s defense counsel. Clients may sometimes be allowed to choose their own counsel, but other times the insurance company will choose an attorney for them and they will contribute to the…

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