Legacy or Liability? 10 Common Pitfalls for Will, Trust, and Estate Lawyers
It is estimated that the Baby Boomer generation will transfer more than $120 trillion to succeeding generations. This so-called “Great Wealth Transfer” will reverberate in the will, trust, and estate area of practice for years to come. Liability exposure risks for will, trust, and estate area lawyers accompany this staggering amount of money.
Report Before you Replace: Protecting Coverage When Switching Malpractice Insureres
Switching legal malpractice insurance carriers may seem like a routine administrative decision, but it requires proper handling to protect the law firm’s interests. Under a typical claims-made lawyers professional liability (“LPL”) policy, attorneys are required to report known claims and potential claims to their current insurer within the policy period.
Gilsbar Partners with ORLSI as Exclusive Administrator in Multiple States
Old Republic Lawyers Specialty Insurance (ORLSI) partners with Gilsbar as its exclusive administrator for the following 11 states: Alabama, Florida, Georgia, Kansas, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, Tennessee, and Texas.
How Much Cyber Insurance Do Lawyers Need?
You may have heard that cybersecurity insurance is a non-negotiable form of coverage for law firms. But many attorneys still ask an important question: How much cyber insurance do I need?
LSBA Endorses ORLSI as Lawyers Malpractice Insurance Provider, Gilsbar Remains Endorsed Agent
The Louisiana State Bar Association (LSBA) has selected Old Republic Lawyers Specialty Insurance (ORLSI) as its endorsed lawyers malpractice insurance provider.
When the Lawyer Gets Sued
Although a legal malpractice lawsuit is hard to win, clients will not hesitate to sue if they feel your service wasn’t up to par. Things like missing filing deadlines, skipping court dates, or making an agreement without client approval can set you up for a professional liability claim.
We Cannot Avoid AI: Practical Advice to Use AI and GAI Ethically
AI and GAI are largely now unavoidable in the practice of law. Lawyers must therefore grapple with the ethical implications when using it while practicing law.
Law Firm Data Breaches: A Legal Snapshot
There's a growing number of actions filed against law firms stemming from data breaches or cyberattacks. Learn about individual and firm responsibilities related to these exposures.
The Importance of Incident Response Planning: A Cyber Risk Control Perspective for Law Firms
Cyberattacks continue to be a top concern for many security professionals in diverse industries, and indications are this is a trend that is likely to continue to increase with emerging technology.