Content Type
Client Trial Preparation Checklist
Prepare your client for the ups and downs of trial with this customizable checklist, which covers topics to discuss with your client, including process, timing, outcomes, risks and costs. From managing emotions to the day-to-day workings of a trial, the checklist covers important topics to discuss with your client in preparation for trial. Below are… Read More »
Categories: Checklist, Civil Litigation, Communications ErrorsAnnual Legal Health Check-up
In the same way a visit with a doctor or financial advisor offers an opportunity to identify issues and gauge physical or financial health, a discussion with a lawyer can help improve how clients deal with existing or potential legal issues. Perhaps your client has experienced a change in their relationship status or is considering… Read More »
Categories: ChecklistChecklists
While legal matters can appear to be fairly simple and routine in their initial stages, they often end up being more complex as clients may not mention relevant details about their circumstances, and it is easy to overlook asking a key question in an intake interview. In a similar fashion, drafting an agreement may appear… Read More »
Categories: ChecklistFraud Alert: Email funds transfer fraud targeting Ontario lawyers
LAWPRO has received multiple reports of an email funds transfer fraud targeting Ontario lawyers. Given the similarity of the conversations and the email addresses that are being used, we believe it is the same individual(s) behind this fraud and that there are other firms that have been targeted today, and over the last few weeks…. Read More »
Categories: Alerts, FraudLTT/NRST changes mandatory as of today; Get answers to common questions
The recent changes to the Land Transfer Tax and the new Non-Resident Speculation Tax (NRST) are mandatory starting today: May 8, 2017. To help real estate lawyers take steps to comply with these changes, LAWPRO has assembled a list of answers to the questions we are hearing most frequently (FAQs) from Ontario lawyers on our… Read More »
Categories: AlertsWeaving solutions to complex problems
Each thread in a fabric makes the others stronger and in the fabric that is LawPRO, each employee is a vital strand that strengthens the weave. Our customer service department guides underwriting and applications, our claims department works to contain the standard of care and defend our insureds, our information services protect your data, and… Read More »
Categories: 2017 May - 2016 Annual Review, Articles, EditorialsFinancial results explained
Net premiums: $115.8 million LawPRO net earned premiums in 2016 were $115.8 million. Premiums from the mandatory insurance program were lower than in 2015, though still higher than budgeted. The E&O Fund did not make a premium contribution to LawPRO in 2016 as it did in 2015. And although the number of practising lawyer full-time-equivalents… Read More »
Categories: 2017 May - 2016 Annual Review, Articles, Year in ReviewE&O Program: Claims report
Administrative dismissal of actions: Was 2016 the calm before the storm? Claims trends in 2016 seemed to follow now-familiar patterns – certain types of claims increased, others abated, and overall claims costs continue to hover around the $100 million mark. However, in the final months of the year, LawPRO claims personnel saw an increase in… Read More »
Categories: 2017 May - 2016 Annual Review, Articles, Year in ReviewCoverage: Premium remains stable in 2016
The year 2016 marked the sixth year in which most insured lawyers paid a base premium of $3,350 for their professional indemnity insurance. As rents and property values continue to climb, and as technology becomes obsolete at an ever-increasing rate, we were proud to be among the few practice expenses NOT growing in 2016. LawPRO… Read More »
Categories: 2017 May - 2016 Annual Review, Articles, Errors & Omissions, Year in ReviewAnswering your complex coverage questions
LawPRO’s Underwriting & Customer Service (UCS) Department handles applications and renewals for the primary professional indemnity insurance program, which provided coverage to over 26,000 lawyers in 2016. New accounts are established as lawyers are first licensed, existing accounts are amended as lawyers change practice setting or type, and all accounts are renewed each fall. For… Read More »
Categories: 2017 May - 2016 Annual Review, Articles, Errors & Omissions