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Insurance Glossary

The world of insurance for law firms can be confusing, and difficult to navigate. We've created this glossary because these common insurance terms should be easy to understand.

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Attorney realizing a misstep has occurred

3 min read

How to Avoid Common Co-Counsel Relationship Missteps

Co-counsel relationships are sometimes formed “on the fly,” meaning no thorough discussion as to who will be responsible for whatever occurs. This can be disastrous if both attorneys assume the other will meet a critical deadline and then neither...

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retroactive coverage date

2 min read

When Shopping Malpractice Insurance: Pay Attention to Your Retroactive Coverage Date

When considering a change in lawyer's malpractice liability carriers, understanding the effect of a retroactive coverage date in a claims-made policy...

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A lawyer is overwhelmed because they've received a bar grievance

4 min read

What Not to Do When the Sh*t Hits the Fan

Introduction Since publishing Part I of this series, several new clients contacted us after being shocked and insulted to learn that a disciplinary...

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Man caught in a trap.

6 min read

How to Avoid Common Conflict of Interest Traps

Particularly in the solo and small firm setting, conflict missteps are often not a “whoops, we missed that name” kind of thing. More often the...

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a lawyer is sad that he has been phished by a hacker using chatGPT

3 min read

Breached Law Firms Bemoan: "The Class Action Attorneys Have Found Us"

Remember the Golden Ticket from Willy Wonka? A lot of lawyers thought they had discovered a golden ticket when they discovered ChatGPT. They were...

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attorney delivering an engagement letter

3 min read

Why It’s Important to Document Scope of Representation

I know lawyers get tired of hearing it and risk folk like me get tired of always having to say it; but there is real value in documenting scope of...

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Making a decision

3 min read

What Non-Engagement Letters Really Do

Over the years I have found a real disparity among attorneys as to their willingness to write non-engagement letters. You know the one. It’s that...

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lawyer having a bad day

6 min read

Getting Help With Malpractice Claims And Bar Grievances

What Not To Do When the Fan Starts Slinging What Just Hit It: Part I of IV Introduction Over the past several weeks, we have had the privilege of...

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a train is featured to serve as a metaphor for the cyber threats barreling towards you at the speed of a train.

4 min read

Why Your Law Firm Needs Social Engineering Awareness Training

Some time ago I had a conversation with a few lawyers who had come close to being scammed out of several hundred thousand dollars. While I was...

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Trusted staff balancing the books.

3 min read

8 Safeguards to Ensure You Can Trust Your Law Firm Employees

I continue to be surprised at the number of times I learn that a law firm turned over complete oversight of client property to a non-attorney member...

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