LAWPRO has managed, in each year of the last decade, to close over 40 per cent of claims without payment of defence or indemnity costs. Traditionally, another 40 per cent or so of claims generate defence costs only. This means that an indemnity is paid, on average, in just one out of every six claims… Read More »
Categories: 2015 May - Review of 2014, Articles, Year in Review
2014 marked the fourth year that LAwPRO’s base premium held steady at $3,350, but the terms of the policy have evolved continually since it was first introduced. As lawyers change the way they practise law, LAwPRO has taken steps to ensure that coverage remains relevant and responsive. To facilitate geographical mobility, LAwPRO introduced co-ordinated coverage… Read More »
Categories: 2015 May - Review of 2014, Articles, Year in Review
In 2014, LAwPRO provided E&O coverage to Ontario’s nearly 25,000 lawyers in private practice, and to those paralegals who chose to practise in partnership with them. Lawyers’ professional indemnity insurance is complex and sophisticated coverage. To ensure that lawyers have the coverage they need and that is right for them, LAwPRO’s Underwriting and Customer Service… Read More »
Categories: 2015 May - Review of 2014, Articles, Year in Review
Advising clients of their rights on a legal matter is a significant responsibility and lawyers have a duty to discharge it with competence and care. But when defending a negligence claim where clients seek to hold lawyers accountable for the unfavourable results of their own business or strategic decisions, LAwPRO’s defence counsel don’t hesitate to… Read More »
Categories: 2015 May - Review of 2014, Articles, Casebook, Civil Litigation, Corporate Law, Criminal Law, Real Estate
What’s a repair? In some cases, LAWPRO counsel can help an insured lawyer head off a lawsuit by “repairing” an error (e.g., by assisting with a motion to reinstate a dismissed action to the trial list) or take steps that substantially reduce the losses that an error might lead to. While not all errors are… Read More »
Categories: 2015 May - Review of 2014, Articles, LAWPRO policy, Year in Review
In 2014, the practicePRO initiative continued to broaden the reach of its risk management message by providing claims information and risk management content for dozens of speakers who participated in 65 CPD programs and law association and law firm events, to a combined yeaudience of over 8,600 lawyers and paralegals. A particular focus was cybercrime… Read More »
Categories: 2015 May - Review of 2014, Articles, Year in Review
New Condo Select In addition to our New Home Program is New Condo Select. Selected new condominium developments in Ontario qualify for a streamlined title insurance application process. It’s simple. Access all New Condo Select developments – on titleplus.ca or Realtiweb® Fill out the application online with some basic transaction-specific information Underwriting information is prepopulated… Read More »
Categories: 2015 May - Review of 2014, Articles, TitlePLUS
The LAWPRO Corporate Social Responsibility Statement is informed by a spirit of community and accountability. Our 2014 efforts to bring it to life are outlined here. Fostering the legal community and access to justice LAwPRO sponsored the Ontario Association of Chiefs of Police (OACP) crime prevention campaign, which provided the opportunity to promote the role… Read More »
Categories: 2015 May - Review of 2014, Articles, Year in Review
LAWPRO is warning Ontario real estate lawyers to be on the alert for risky vendor takeback mortgage transactions, some of which may be closing this week. There is a significant potential claims risk for lawyers involved in these transactions. On April 24 we sent a LAWPRO Alert email to lawyers in the Barrie and Collingwood… Read More »
Categories: Alerts, Fraud
When a lawyer passes away while still in active private practice, LAWPRO’s run-off coverage kicks in. While standard run-off may be enough coverage for lawyers who have been retired for several years (since potential claims will have had time to develop), it may not be sufficient for a lawyer who was practising full-time at the… Read More »
Categories: Articles, Content Type, Firm Management, LAWPRO policy, Succession PlanningLand Acknowledgement
The offices of LAWPRO are located on the traditional territory of many nations including the Mississaugas of the Credit, Anishnabeg, Chippewa, Haudenosaunee and Wendat peoples. Toronto is covered by Treaty 13 with the Mississaugas of the Credit. LAWPRO respects and acknowledges the histories, languages, knowledge systems, and cultures of First Nations, Metis, and Inuit nations.
