LAWPRO Magazine Article Type
Book Review: The Future of the Professions by Mark Susskind
For more than 30 years Richard Susskind has been a thought leader on the future of the legal profession. This is despite the Law Society of England and Wales saying he did not understand confidentiality and was bringing the legal profession into disrepute by suggesting that email would become the predominant way lawyers and their… Read More »
Categories: 2016 September A2J, Articles, Book Review, Future of lawLet technology be your path to wellness
Safety apps People who travel alone, work with violent accused, or find themselves in other potentially dangerous situations may want to try out personal safety smartphone apps. These work in a variety of ways: they can allow loved ones to track you remotely via GPS; send out an alert to friends if you fail to… Read More »
Categories: 2016 September A2J, Articles, Legal Technology, Wellness, WellnessSocial media profile: Jordan S. Halpern
Time at LawPRO: 2 years Prior to joining LawPRO, Jordan practiced as a litigator engaged in all forms of insurance defence litigation as well as matrimonial law. He also has a background in corporate/commercial law, human rights, employment and real estate. Jordan has been active on LinkedIn for several years. In addition to being Claims… Read More »
Categories: 2016 September A2J, Articles, Social MediaStable. Advice. Trustworthy. Security. Professional. Coverage.
The words that appear on our cover describe how LAWPRO served its insureds in 2015. An insurance company can call itself a success if it provides stability in an unpredictable environment. Insurance allows the economy to grow by providing a place where it is safe for insureds to navigate day-to-day challenges and unpredictable events. with… Read More »
Categories: 2016 May - Year in Review 2015, Articles, Editorials2015 financial results explained
Net premiums: $120.7 million Net LawPRO revenues in 2015 were $120.7 million. Premiums from the mandatory insurance program were $5.8 million higher than in 2014, with the increase driven in part by the net increase in the number of insured lawyers purchasing insurance coverage in 2015. Net claims: $80.7 million Incurred claims and adjustment expenses… Read More »
Categories: 2016 May - Year in Review 2015, Articles, Year in ReviewClaims report: Projected claims costs for 2015 lower than expected, but time management challenges loom
Between 2010 and 2014, annual claims costs were verging on a worrisome $100 million plateau. as claims costs for 2015 come into focus, there are indications that we retreated slightly down the side of that $100 million mountaintop, perhaps as far down as the $81 million mark. Claim numbers have also decreased − a development… Read More »
Categories: 2016 May - Year in Review 2015, Articles, Year in ReviewLAWPRO coverage subject to continual review
Experiencing a little déja vu when renewing your professional indemnity insurance in recent years? You’re not mistaken – LawPRO’s base premium for the Law Society’s mandatory insurance program has not changed since 2011. But the stability of the premium belies a continual effort, on the part of LawPRO underwriters, to stay ahead of developments in… Read More »
Categories: 2016 May - Year in Review 2015, Articles, Errors & Omissions, Year in ReviewService: Streamlined and responsive
LAWPRO’s Customer Service and Underwriting department makes or receives over 40,000 customer phone calls each year. The subject matter of these calls is varied and challenging. Professional indemnity insurance is a complex product, and we offer a wide range of coverage options from which lawyers can choose. To improve our capacity for supporting lawyers in… Read More »
Categories: 2016 May - Year in Review 2015, Articles, Errors & Omissions, Year in ReviewLAWPRO repairs in 2015: Resuscitating dismissed actions
In the past few years, LAWPRO’s claims repair program has been increasingly occupied with the work of attempting to restore actions to the trial list. Rule 48, which permits the administrative dismissal of actions for delay, has been responsible for over $10 million in claims costs over the past three years. LAWPRO in-house and defence… Read More »
Categories: 2016 May - Year in Review 2015, Admin dismissals/Rule 48, Articles, Casebook, Civil Litigation, Limitation Periods, Year in ReviewLAWPRO defends its insureds in 2015
When identifying cases that merit a formal defence (or appeal), LAWPRO counsel consider a range of strategic factors, including whether the case has the potential to alter the standard of care applicable to professional legal services. This article summarizes a sampling of those claims in defence of which we went to court in 2015. Family… Read More »
Categories: 2016 May - Year in Review 2015, Articles, Casebook, Civil Litigation, Family, Real Estate, Year in Review