Articles
Don’t let claims follow you into retirement
Lawyers often approach retirement feeling good about their legacy. Whether you devoted your efforts to crafting airtight contracts, supported clients as they worked toward mediated settlements, or stood up for the rights of those who needed you, you’re entitled to feel proud of your accomplishments. Looking back, however, may heighten your awareness of just how… Read More »
Categories: 2017 August Managing Change, Articles, Content Type, Errors & Omissions, LAWPRO Magazine, LAWPRO policy, Legal Careers“I will be out of the office…forever” and I don’t want to deal with claims
Are you thinking of changing careers or law firms, selling the practice, or retiring? As other articles in this issue have highlighted, even after you retire, malpractice claims can engage your LawPRO E&O run-off coverage. Real estate lawyers should consider TitlePLUS title insurance since claims covered under the Legal Service Coverage¹ in a TitlePLUS policy… Read More »
Categories: 2017 August Managing Change, Articles, Real Estate, Title insurance, TitlePLUSThe mysterious magic of routines
As a child, did you step carefully over every sidewalk crack? Tap each post of the hockey net before settling into the crease? Wear your lucky socks to every law school exam? Even those of us who scorn superstition rely on routines and rituals for our own protection: we swallow a daily multivitamin, fasten our… Read More »
Categories: 2017 August Managing Change, Articles, Communications Errors, Content Type, LAWPRO Magazine, LAWPRO Magazine Article Type, Practice Tips, TopicsOutsourcing your law firm’s cybersecurity
According to a survey¹ of UK law firms, a quarter of them have been the victims of cyberattacks, as have almost a third of US firms according to the ABA Legal Technology Survey Report. While there has not been a similar survey done of Canadian firms, the numbers are probably similar. And the high-publicity hacks… Read More »
Categories: 2017 August Managing Change, Articles, Cyber dangers, Firm Management, Legal Technology, Tech TipsRetirement, identity, and mental health: It’s an adjustment
Lawyers often pay lip service to looking forward to retirement. However, when pressed on the subject, many admit that their true feelings are mixed. Those who equivocate may have good reason: for many professionals, the adjustment to retirement can be psychologically challenging. A 2013 study¹ showed that retirement increased the risk of clinical depression in… Read More »
Categories: 2017 August Managing Change, Articles, Content Type, LAWPRO Magazine, LAWPRO Magazine Article Type, Legal Careers, Succession Planning, Topics, Wellness, WellnessBook review – The Lawyer’s Guide to Succession Planning
No one likes to think about getting older, and lawyers may tend to put off thinking about the day they have to retire from the profession they love and the firms they have spent a lifetime building. However, the fact is that there is a wave of Boomers hitting retirement age (90 million in North… Read More »
Categories: 2017 August Managing Change, Articles, Book Review, Content Type, Firm Management, Legal Careers, Solo and Small Firm, Succession PlanningLAWPRO Webzine
Our email newsletters include content focused on a specific area of law or topic. LAWPRO Webzine 2024 New resources for real estate lawyers from LAWPRO and practicePRO (May 2024) Improve your practice with LAWPRO resources (Feb 2024) LAWPRO Webzine 2023 Increase your EQ and strengthen your mental health with LAWPRO’s wellness resources (October 2023) Free,… Read More »
Categories: Articles, Real EstateWeaving solutions to complex problems
Each thread in a fabric makes the others stronger and in the fabric that is LawPRO, each employee is a vital strand that strengthens the weave. Our customer service department guides underwriting and applications, our claims department works to contain the standard of care and defend our insureds, our information services protect your data, and… Read More »
Categories: 2017 May - 2016 Annual Review, Articles, EditorialsFinancial results explained
Net premiums: $115.8 million LawPRO net earned premiums in 2016 were $115.8 million. Premiums from the mandatory insurance program were lower than in 2015, though still higher than budgeted. The E&O Fund did not make a premium contribution to LawPRO in 2016 as it did in 2015. And although the number of practising lawyer full-time-equivalents… Read More »
Categories: 2017 May - 2016 Annual Review, Articles, Year in ReviewE&O Program: Claims report
Administrative dismissal of actions: Was 2016 the calm before the storm? Claims trends in 2016 seemed to follow now-familiar patterns – certain types of claims increased, others abated, and overall claims costs continue to hover around the $100 million mark. However, in the final months of the year, LawPRO claims personnel saw an increase in… Read More »
Categories: 2017 May - 2016 Annual Review, Articles, Year in Review