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ALPS In Brief Podcast - Episode 10: Why is mandatory malpractice insurance gaining ground?
ALPS Executive Vice President, Chris Newbold, recently sat down with Doug Ende, the Chief Disciplinary Counsel at the Washington State Bar...
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Chris Newbold, Chief Operating Officer
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Posted on May 24, 2025
The topic of attorney well-being has garnered deserved attention, conversation, research, and action in legal circles since the release of the 2017 landmark report, The Path to Well-Being in Law: Practical Recommendations for Positive Change by the National Task Force on Lawyer Well-Being. Yet despite 49% of lawyers in private practice being solo practitioners, relatively little research or attention has focused specifically on America's solo community.
As the nation's preeminent malpractice insurer of solo practitioners, ALPS cares deeply about solo practitioners and embarked on a survey of nearly 300 solo policyholders to establish benchmark data to assess the nexus between solos and their respective professional satisfaction.
The results may surprise you — even bring a ray of hope.
In an era in which most survey data involving attorney well-being highlights notably high levels of stress, depression, substance abuse, anxiety and suicidal ideations, our findings uncovered an impressive 74% of solo practitioners either satisfied or very satisfied in their current professional life. In fact, only 9% were either dissatisfied or very dissatisfied with life as a solo attorney.
Why? At their core, 66% of solo practitioners note the most valuable benefit of operating as a solo is the flexible work/life balance it affords, easily outpacing other considerations. Emerging insights and anecdotal evidence from the ALPS survey paint a compelling picture of a professional journey as a solo, one that is closely aligned with personal fulfillment and enjoyment.
Findings revealed solo practitioners reported high levels of happiness and professional satisfaction. Unlike counterparts in larger firms, solo lawyers cite autonomy over their schedules, control over the types of matters they accept, and the ability to build a practice aligned with their personal values as key drivers of contentment. While challenges such as administrative burdens, burnout, and income variability remain, the overarching sentiment was clear: the flexibility inherent in solo practice enables a rewarding and personally meaningful career.
What do these findings mean for the future of legal as changes emerge in law firm dynamics and demographics? In the aftermath of the COVID-19 pandemic, the legal profession experienced a notable shift, with more lawyers than ever reconsidering traditional career paths historically centered around Big Law in favor of careers in solo practice, in-house counsel, government attorney positions, or even JD+ opportunities to leverage law degrees in pursuit of careers in business.
The pandemic acted as a catalyst, prompting many to re-evaluate their professional priorities and seek greater autonomy, flexibility, and work-life balance — even at the expense of higher earnings. Emerging data underscores this trend: lawyers are demonstrating unprecedented levels of mobility, with lateral moves, career pivots, and departures from established firms or even the departure from law itself occurring at markedly higher rates.
The growing transiency within legal also reflects a broader cultural shift, as practitioners increasingly are prone to prioritize personal well-being and professional alignment over the perceived security of conventional firm structures. And for those willing to embark on that shift, survey data reflects greater personal and professional satisfaction in their work as attorneys.
Download and read the full 2025 Solo Attorney Well-Being Trends Report.
Chris L. Newbold is Executive Vice President of ALPS Corporation and ALPS Property & Casualty Insurance Company, positions he has held since 2007. As Executive Vice President, Chris oversees ALPS business development team, sales strategy and served as ALPS’ chief liaison into the bar association community until 2023. Externally within legal circles, Chris is a recognized nationally based on his roles as a strategic planning facilitator to bar associations and bar foundations, his leadership work in the lawyer well-being movement and his work advising states regulators and / or bar associations exploring the merits of implementing mandatory malpractice insurance requirements or stricter client disclosure rules. On the strategic planning front, Chris’ lawyer credentials, knowledge of legal industry trends and keen observations into bar association relevance catapulted him into desired facilitator in legal conversations nationally. Chris' unique and innovative strategic planning approach have resulted in his leading retreats and legal conversations at the national, state and local levels, including with State Bars in Maine, Vermont, Virginia, Kansas, South Dakota, North Dakota, Montana, Idaho, Wyoming, Nevada, the U.S. Virgin Islands, as well as the National Conference of Women’s Bar Associations. On the issue of lawyer well-being, Chris has been at the epicenter of discussion both strategically and as an advocate. As co-author of the movement launching 2016 report The Path to Lawyer Well-Being: Practical Recommendations for Positive Change, his leadership as co-chair of the National Task Force on Lawyer Well-Being, his participation on the ABA’s Working Group to Advance Well-Being in the Legal Profession, his role as co-host The Path to Well-Being in Law podcast, and his time as President of The Institute of Well-Being in Law Chris has been at the forefront of a movement intent on creating a culture shift in the legal profession, and advancing personal and professional satisfaction in all sectors of legal life. Chris has also been active nationally counseling State bar associations and regulators on the viability of requiring lawyers to maintain malpractice insurance as a condition of licensure. Given Chris’ insurance industry knowledge, particularly within small firms and solo practitioners, his insights have been additive to the conversations in states like Nevada, Washington, California and Idaho. Chris is also well versed in alternatives to mandatory insurance like client disclosure rules. Chris received his law degree from the University of Montana School of Law in 2001 and holds a bachelor’s degree from the University of Wisconsin-Madison (1994). Following his graduation from law school, he served one year as a law clerk for the Honorable Terry N. Trieweiler of the Montana Supreme Court. After his clerkship, he launched his ALPS career as President and principal consultant of ALPS Foundation Services, a non-profit fundraising and philanthropic management consulting firm. In that capacity, he authored The Complete Guide to Bar Foundations in conjunction with the National Conference of Bar Foundations. Outside of the law, Chris is currently chair of the board of directors of the University of Montana Alumni Association, has authored two children’s book about collegiate mascots (The Big Bucky Badger Mystery (Wisconsin) and The Wild Wolf Pack Mystery (Nevada)) and enjoys his Montana lifestyle with his wife, Jennifer, and their three children, Cameron, Mallory and Lauren.
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