LAWPRO Magazine Article Type
Editorial: A careful balance
By Dan Pinnington, President & CEO of LAWPRO. My first year as CEO has flown by. It seems like just yesterday that I was writing remarks as the incoming President & CEO for the 2017 Year in Review issue of LAWPRO Magazine. I believe it was a successful year of transition, for both me and… Read More »
Categories: 2019 May - 2018 Year in review, Articles, Editorials2018 Financial results explained
Net premiums: $107.5 million We kept our base premium unchanged this year, and that consistency is reflected in 2018’s net earned premiums of $107.5 million being only slightly below last year’s result. Since the number of practising lawyer full-time-equivalents (FTEs) is a solid 27,323, which is slightly higher than expected, the small reduction in net… Read More »
Categories: 2019 May - 2018 Year in review, Articles, Year in ReviewE&O program review: Risk in the balance
When it comes to long-term trends in the quantity and causes of malpractice claims, slow and steady are positive descriptors. While many things in the legal profession could stand to move at a faster pace, predictable changes to potential risks allow LAWPRO to adequately plan for future costs and outlays by balancing them against premiums,… Read More »
Categories: 2019 May - 2018 Year in review, Articles, Errors & Omissions, Year in ReviewEnsuring good services with good service
LAWPRO’s Underwriting & Customer Service department supports the primary program at LAWPRO, just like a sales department and customer help-line in a typical insurance company. A new record is established soon after a lawyer is called to the Ontario bar, and existing records are adjusted as lawyers move their practice, or move out of private… Read More »
Categories: 2019 May - 2018 Year in review, Articles, Year in ReviewRepairs: The best defence is ensuring a defence isn’t needed
Most potential claims don’t result in litigation or settlement. The timely reporting of practice errors allows our counsel to step in and help lawyers take steps to rectify errors and prevent losses. LAWPRO counsel have substantial knowledge and experience in areas commonly associated with repairable practice errors, such as potentially missed limitation periods, administrative dismissals,… Read More »
Categories: 2019 May - 2018 Year in review, Articles, Casebook, Year in ReviewDefences: Standing up and stepping in for licensees
Sometimes a client’s accusations can’t be resolved without litigation. When a licensee has a viable defence to malpractice accusations, and the claim cannot be resolved out of court, LAWPRO steps in to provide lawyers with an effective legal defence. LAWPRO’s claims management philosophy is aimed at quick resolutions in situations where there is liability, defend… Read More »
Categories: 2019 May - 2018 Year in review, Articles, CasebookThere’s more to the TitlePLUS program than meets the eye
With better clarity and ease of use being the focus of the program, 2018 saw a year of improvements to better meet the needs of our subscribers and their clients. We streamlined underwriting requirements for mortgage transactions so you can offer better options to your clients, and increased automated underwriting limits for commercial properties saving… Read More »
Categories: 2019 May - 2018 Year in review, Articles, TitlePLUS, Year in ReviewBringing our corporate responsibility to life
Over the years, our corporate social responsibility (CSR) program has intrinsically become a part of LAWPRO’s culture and identity. Here are highlights of our contributions to the profession, charity and employee wellness in 2018. Fostering the legal profession LAWPRO continued its efforts to reach students and new lawyers by participating at the Toronto Lawyers Association… Read More »
Categories: 2019 May - 2018 Year in review, Articles, Content Type, LAWPRO Magazine Article Type, Year in ReviewCommon practice pitfalls: And how to avoid them
Lawyers’ Professional Indemnity Company (LAWPRO) was created to insure lawyers against legal malpractice claims. Most claims are brought by a lawyer’s own client and include an allegation that the lawyer made a mistake or did not meet the standard of care expected of him or her when delivering legal services. No lawyer is immune to… Read More »
Categories: Articles, Communications Errors, Inadequate Investigation, Student, Student Issue, Time ManagementWhat new lawyers need to know about LAWPRO’s mandatory professional liability insurance
These FAQs answer some of the more common questions we hear from newly-called lawyers. The answers will help you determine if you need insurance coverage (or whether you’re exempt) and the steps you need to take to get your LAWPRO insurance coverage in place. What is professional liability insurance? Professional liability insurance is designed to… Read More »
Categories: Articles, LAWPRO policy, Student, Student Issue