Category: LAWPRO Magazine
Recognizing the red flags of real estate scams involving corporate identity theft
Frauds targeting real estate lawyers are getting ever more sophisticated. LAWPRO has seen several attempted frauds involving corporate identity theft. The properties involved may be commercial or residential, but are always owned by a corporation. How these frauds work These frauds start with the fraudsters changing or stealing the identity of corporate property owners. This… Read More »
Categories: 2018 February Top Legal Disruptions, Areas of Law, Articles, Content Type, Fraud, LAWPRO Magazine, LAWPRO Magazine Article Type, Malpractice Errors, Real Estate, Title insurance, TitlePLUS, TopicsCybersecurity for the home and office
For many lawyers, the divide between “home” and “office” isn’t clear-cut. Work is often done in both places and during the trips back and forth. As a result, sensitive client information may not always be protected under the umbrella of a firm cybersecurity system. Cybersecurity for the Home and Home Office can help lawyers understand… Read More »
Categories: 2018 February Top Legal Disruptions, Articles, Book Review, Content Type, Cyber dangers, LAWPRO Magazine, LAWPRO Magazine Article Type, Legal Technology, TopicsMake sure clients aren’t caught off guard by the Rental Fairness Act
On April 27, 2017 the Province of Ontario amended the Residential Tenancies Act, 2006 (RTA) with the introduction of the Rental Fairness Act. Some of the changes to the RTA are already fully in force, others will come into play in 2018. The amendments to the RTA affect every residential tenancy in Ontario to different… Read More »
Categories: 2018 February Top Legal Disruptions, Areas of Law, Articles, Content Type, Could This Happen to You?, Failure to Know The Law, LAWPRO Magazine, LAWPRO Magazine Article Type, Malpractice Errors, Real Estate, TopicsYour 2018 insurance program
Quick summary: Base premium for 2018: $2,950 Part-time practice billing limit updated Innocent Party/Partner levy reduced No more civil litigation transaction levies for family law matters Civil litigation transaction levy increased to $100 Base premium stable The base premium for 2018 will remain unchanged at $2,950. Claims management and cost containment efforts are expected… Read More »
Categories: 2017 September - Insurance Issue 2018, Articles, Content Type, Errors & Omissions, LAWPRO policyFor your protection: Credit card payments are now online-only
Beginning with the current renewal season, credit card payments for LAWPRO premiums and levies will be accepted only via our secure online payment portal operated by Moneris. Using a third party expert to store your credit card information enhances the privacy of your information and meets the Payment Card Industry Data Security Standard. LAWPRO has… Read More »
Categories: 2017 September - Insurance Issue 2018, Articles, Content Type2018 insurance coverage for exempt lawyers
• in-house corporate counsel • government lawyers, educators and others not in active private practice • retired lawyers, estate trustees, emeritus lawyers, judges and others no longer practising law • legal aid clinic lawyers (not directly employed by Legal Aid Ontario) • lawyers who engage in only occasional practice in Ontario and are resident in… Read More »
Categories: 2017 September - Insurance Issue 2018, Articles, Content Type, Errors & Omissions2018 insurance coverage for lawyers in private practice, sole practitioners and lawyers in association or partnership
Standard insurance coverage The base program Eligibility: Required of all lawyers¹ providing services in private practice.² Coverage limit: $1 million per claim/$2 million in the aggregate (i.e., for all claims made in 2018), applicable to claim expenses, indemnity payments and/or costs of repairs together. Standard deductible: $5,000 per claim, applicable to claim expenses, indemnity payments… Read More »
Categories: 2017 September - Insurance Issue 2018, Articles, Content TypeCivil litigation levies evolve to reflect risks
No lawyer in private practice is immune to professional indemnity claims. However, over 20 years’ experience insuring the Ontario bar has made it clear to LAWPRO analysts that claims risk varies with area of practice. Lawyers who practise real estate or civil litigation face a significantly higher risk of claims than those who practise in… Read More »
Categories: 2017 September - Insurance Issue 2018, Articles, Civil Litigation, Content Type, Errors & OmissionsThe amorphous now
Dealing with ambiguity is one of the most important skills a leader can master. Making decisions when all necessary information is not at hand helps to keep our economies, businesses and even families moving forward. There often isn’t enough time to gather all the pertinent data – it just doesn’t exist, or it’s too expensive…. Read More »
Categories: 2017 August Managing Change, Articles, Content Type, Editorials, LAWPRO Magazine, LAWPRO Magazine Article TypeThe graceful exit: Leaving practice on a high note
In the last few years of their careers, many lawyers begin to think about the meaning of legacy. What has been my contribution? How will I be remembered? Part of being a professional means having a vision beyond simply working a job and earning money. Most lawyers are guided by personal values, a commitment to… Read More »
Categories: 2017 August Managing Change, Articles, Content Type, Features, Firm Management, LAWPRO Magazine, Legal Careers, Succession Planning, Topics