LAWPRO Magazine Article Type
What are my insurance options if I need to take a temporary leave of absence from practice?
You can apply for Exemption ‘C’ under the LAWPRO Program if you are taking a temporary leave of absence from practice. The leave may be up to five years for family reasons or illness and two years for other reasons. This exemption is for a temporary leave of absence only, meaning you must intend to… Read More »
Categories: 2020 January - Finding Your Way, Articles, Checklist, FAQs, LAWPRO policyDo your firm’s marketing practices expose you to vicarious liability?
While “law firm” once conjured an image either of a sole practitioner with a small storefront office or a multi-generational law firm with clearly defined partners and associates, many other firm structures now exist as lawyers opt to work from their homes, from virtual offices, and from shared accommodations. The work lawyers choose to do… Read More »
Categories: 2020 January - Finding Your Way, Articles, Excess, LAWPRO policyNavigating the LAT Regime – Traps for unfamiliar lawyers
Even when a case falls into an area of law in which a lawyer is experienced, a new or unfamiliar administrative regime can present risks for lawyers not prepared for the particular statutory framework. Importantly, missing key details and requirements can lead to malpractice claims from inadequate investigation or communication failures with clients. The following… Read More »
Categories: 2020 January - Finding Your Way, Articles, Could This Happen to You?, Inadequate Investigation, Personal injuryRun-Off coverage: The coverage you have after you leave practice
When lawyers retire, get appointed to the bench, go in-house or otherwise claim exemption from maintaining LAWPRO insurance, they commonly ask LAWPRO two questions: 1. Do they still need to pay for insurance? 2. What sort of services are they still allowed to perform? When you leave private practice you are not “off the hook”… Read More »
Categories: 2020 January - Finding Your Way, Articles, Errors & Omissions, LAWPRO policyDid you know that some title insurers include exceptions to fraud coverage for private lender transactions where the mortgage funds are not paid to acceptable parties?
In light of the commonly held view that real estate is a safe investment, many individuals use mortgage investments to supplement income or as a means of saving for retirement. Unfortunately, a reality of the current real estate landscape is that private lenders are often the target of identity frauds. A title insurance policy generally… Read More »
Categories: 2020 January - Finding Your Way, Articles, Practice Tips, Real Estate, Title insurancePaying attention to the fraud behind the curtain
We have previously written about the dangers associated with email spoofing and phishing schemes, where fraudsters will send fabricated emails purporting to be from a trusted colleague or third party in an effort to trick a lawyer or staff member into clicking on a dangerous link or downloading a dangerous attachment. These fraudulent schemes continue… Read More »
Categories: 2020 January - Finding Your Way, Articles, Cyber dangers, Tech TipsBook review: A Lawyer’s Guide to Healing
“If I had to pick the most common malady affecting lawyers, it would be alcoholism.” This is according to Don Carroll, former director of the North Carolina Lawyer’s Assistance Program and author of A Lawyer’s Guide to Healing: Solutions for Addiction and Depression. In the book, he examines how addiction and depression manifest in the… Read More »
Categories: 2020 January - Finding Your Way, Articles, Book Review, Content Type, WellnessEditorial: 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 Review