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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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law practice management

Lawyer realizing her firm is failing

5 min read

5 Reasons Solo Firms Fail

While law firms of all shapes and sizes can fail for any number of reasons, in my experience as a risk manager, there are a few reasons that solo law firms are especially susceptible to. The good news is that many of the reasons can be easily and...

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2 min read

Why You Should Never Minimize the Significance of Client Driven Indemnity Provisions

I continue to get the occasional call from a lawyer wanting to know my thoughts about a new business opportunity. It’s a call that often starts out...

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3 min read

3 Examples of Legal Malpractice Causes and Suggested Safeguards

We at ALPS have talked for many years about safeguards to implement to protect your firm (and your clients!) from a potential disaster. Although...

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As a lawyer, it is never too early for you to start succession planning.

4 min read

Retirement for Lawyers

The Importance of Succession Planning for Lawyers Succession planning is a crucial aspect of the legal profession. As lawyers, we devote our careers...

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Confused Lawyer

4 min read

How in the World Can You Not Know Who Your Client Is?

From time to time, I get involved in conversations with lawyers who have called in with a question or concern, and as we talk through the situation,...

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3 min read

Why You Never Want to Get Lazy With Your Time Keeping

This post is directed toward those of you who fail to accurately record your time on a consistent basis throughout the day, day after day. I know it...

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Lawyers engaged in conflict resolution

3 min read

Why It’s Important to Have Attorney Accountability Built Into Your Firm’s Conflict Checking Process

What happens in your firm if there’s a hit during a conflicts check? Hopefully, the conflict concern is immediately brought to the attention of the...

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scrabble letters spell

7 min read

Why the Use of an Engagement Letter Should Never Be Considered Optional

Engagement letters seem to be one of those documents most lawyers intellectually appreciate the value of but often underutilize. This letter simply...

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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...

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