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Hot real estate market? Excess coverage protects your practice as property values soar
Current market conditions mean business is booming for lawyers, but keep in mind that your risk exposure may be growing in lockstep with property values. A hot market changes the way real estate deals unfold. Not only do lawyers see a higher transaction volume, but unconditional offers proliferate, and closing intervals may shrink. All these… Read More »
Categories: Articles, Excess insurance, Real EstatePutting the insurance puzzle together
LAWPRO’s primary Errors & Omissions (E&O) program is a key piece of the insurance puzzle for any lawyer and law firm. But additional insurance coverage is often required to protect against the full constellation of risk faced by a law firm. Remember that all insurance policies are drafted to cover only a specific set of… Read More »
Categories: Cyber dangers, Firm Management, Online OnlyCommon HST errors in real estate transactions
Determining HST-applicability to real estate transactions can be more complicated than many lawyers assume. What’s more, a lack of clarity and errors can often lead to substantial unforeseen costs for clients. This is a dangerous combination from a claims perspective. This paper will discuss the common categories of HST errors and provide tips on how… Read More »
Categories: Online Only, Real EstateQuestions About HST to Ask Yourself When Handling a Real Estate Transaction
Determining HST-applicability to real estate transactions can be more complicated than many lawyers assume. What’s more, a lack of clarity and errors can often lead to substantial unforeseen costs for clients. This is a dangerous combination from a claims perspective. Here are questions a lawyer should ask themselves about HST when acting on a real… Read More »
Categories: Checklist, Real EstateDelegation checklist
Delegation is an important part of practice. Use this checklist as a guideline to ensure you are delegating effectively or, if you are receiving delegated work, you are clear on the objectives. Use it, and share it with colleagues and staff. With thanks to Andrew Bernstein for sharing some great tips and checklist which were… Read More »
Categories: Checklist, Clerical / DelegationFamily Law Tips (2022)
Leading family law lawyers and LAWPRO counsel will share practical tips for family law lawyers
Categories: CPD, CPD Family Law, FamilyWatch for real estate frauds involving private mortgages
In a hot real estate market fraudsters are even more motivated than usual – there is a lot of money to be had and lawyers are common targets. LAWPRO is seeing a significant increase in the number of real estate frauds involving private mortgages. The frauds we are seeing are incredibly sophisticated. In some cases,… Read More »
Categories: Fraud, Online Only, Real EstateGoal setting: Setting S.M.A.R.T. Goals
Part of reflective practice involves setting goals and working towards them. Write them down and make them S.M.A.R.T. Write Them Down Take time at the start of the year and on a regular basis to take a break from your daily grind to write down your goals. Taking the time to write down your goals… Read More »
Categories: Firm Management, Legal Careers, PrecedentsOntario lawyers are being targeted by wire fraud
We are seeing a substantial increase in wire frauds where lawyers are being tricked into sending transaction proceeds to criminals. We encourage all Ontario lawyers and their staff to sign up for our complimentary CPD program “Avoiding the wire fraud nightmare – what you need to know to protect yourself and your clients” and hear… Read More »
Categories: WebzineAvoiding the wire fraud nightmare – what you need to know to protect yourself and your clients (2021)
Finding out that money you sent out of trust has gone missing is a lawyer’s worst nightmare. Unfortunately, we are seeing a rise in wire fraud efforts targeting law firms and their clients. Fraudsters have developed several ways to convince lawyers and law clerks to wire funds out of law firm trust accounts to fraudsters’… Read More »
Categories: CPD, CPD Cybersecurity & Fraud, Cyber dangers, Fraud, Legal Technology