Wednesday, May 8, 2024 We continue to get the following email or different versions sent to our payroll department purportedly from a current or former employees: Please Amend my Payroll Information From: Employee (Dimetry) oshjhlkjjh5@gmail.com To: Payroll Hello good day, READ MORE >>
Thursday, April 11, 2024 There are certain attorney malpractice insurance policies carrying large liability limits and large deductibles that allow larger law firms to manage certain claims below their retention (deductible). For the other 99% of law firms this is not the case. READ MORE >>
Monday, April 8, 2024 We rely on emails for daily operations to communicate with clients, staff, vendors, friends, family, and regulators. Email is also one of the most prevalent means that cyber-criminals target for a variety of purposes, from obtaining sensitive information from the recipient to using it to establish a foothold to gain broader network access. READ MORE >>
Thursday, March 28, 2024 Do you ever collect fees in advance for work to be performed in the future? Do you tell your clients these funds are nonrefundable? What do you call this payment – a retainer, an advance, a paid-in-full fee? Where do you deposit these funds? READ MORE >>
Wednesday, March 27, 2024 A Cyber-Criminal need not break into a law firm’s email system to make the law firm the next data-breach victim. Any time funds change hands electronically there are multiple parties to the transaction. Cyber security is only as strong as the weakest link. READ MORE >>
Monday, March 25, 2024 A claims-made insurance error policy may have a Firm Prior Acts Date, an Individual Prior Acts Date, a Career Coverage Prior Acts Date and/or Predecessor Firm Prior Acts Date or a combination for the former. Different prior acts endorsements address specific coverage needs: 1. READ MORE >>
Thursday, March 21, 2024 Attorney malpractice insurance uses a claims-made policy form. This is an important concept when considering reducing coverage limits. Unlike an occurrence policy form where the policy form used to settle a claim is when the act occurred. READ MORE >>
Monday, March 11, 2024 Careful planning by an attorney may save the attorney thousands of premium dollars when contemplating retirement (leaving private practice). Not all insurers offer a retirement tail (ERP or Extended Reporting Period Endorsement). Purchasing the same coverage may cost over 3 times the expiring premium. READ MORE >>
Wednesday, January 24, 2024 Don’t Be a Defendant: Best Practices for Claims Counsel Sponsored by LawyerGuard Wednesday, February 21 | 12:00 PM (EST) The tripartite relationship between claims defense counsel, the insured, and the insurer can be tricky, fraught with potential for misunderstanding, disappointed expectations, and conflict. READ MORE >>
Wednesday, December 13, 2023 These days, you can’t go to a legal conference or open a legal journal without at least some commentary about AI’s impact on the profession. By now, you have probably heard about the “ChatGPT lawyer” who cited cases in a brief filed in federal district court that were not real but generated by the chatbot. READ MORE >>
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