LAWPRO Magazine Article Type
Retirement, identity, and mental health: It’s an adjustment
Lawyers often pay lip service to looking forward to retirement. However, when pressed on the subject, many admit that their true feelings are mixed. Those who equivocate may have good reason: for many professionals, the adjustment to retirement can be psychologically challenging. A 2013 study¹ showed that retirement increased the risk of clinical depression in… Read More »
Categories: 2017 August Managing Change, Articles, Content Type, LAWPRO Magazine, LAWPRO Magazine Article Type, Legal Careers, Succession Planning, Topics, Wellness, WellnessBook review – The Lawyer’s Guide to Succession Planning
No one likes to think about getting older, and lawyers may tend to put off thinking about the day they have to retire from the profession they love and the firms they have spent a lifetime building. However, the fact is that there is a wave of Boomers hitting retirement age (90 million in North… Read More »
Categories: 2017 August Managing Change, Articles, Book Review, Content Type, Firm Management, Legal Careers, Solo and Small Firm, Succession PlanningNever Enough: One Lawyer’s True Story of how he Gambled His Career Away
Michael J. Burke, published 2008, 250 pages Never Enough is the shocking, true story of Michael J. Burke, who went from being a successful lawyer, loving father and husband, and respected member of his community to a closet alcoholic and gambling addict to the tune of $1,600,000, using client’s trust account funds.
Categories: Book, Wellness, WellnessLawyer’s Guide to Healing: Solutions of Addiction and Depression
Don Carroll, J.D., published 2006, 183 pages Stress, power, and high expectations of the legal profession leave lawyers especially vulnerable to addiction. What’s more, personality traits that contribute to a lawyer’s success – among them, grandiosity and a need to control – can impede recovery. As director of the North Carolina Lawyer Assistance Program, Don… Read More »
Categories: Book, Legal Careers, Wellness, WellnessLawyer’s Guide to Balancing Life & Work 2nd Edition
George W. Kaufmann, published 2006, 258 pages with CD-ROM This newly updated and revised Second Edition is written specifically to help lawyers achieve professional and personal satisfaction in their career. Writing with warmth and seasoned wisdom, George Kaufman examines how the profession has changed over the last five year, then offers philosophical approaches, practical examples,… Read More »
Categories: Book, Legal Careers, Wellness, WellnessWeaving 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 Review