Articles
E&O claims numbers: Going up
Claims costs in primary program may top $90 million in 2011 Lawyers are reporting more claims The increase in the number of claims reported can be attributed in part to an increase in the number of lawyers insured under the Law society e&O program – to just over 23,000 in 2011 from about 18,000 in… Read More »
Categories: 2012 May/June - Year in Review 2011, Articles, Year in ReviewFollowing through to recover costs
By the time certain claims come to our attention, it’s either too late or uneconomic to pursue a repair. Some of these cases require that we pay an indemnity to the party affected. This payment, however, is not the end of the story: To control our claims costs, we must take steps, where possible, to… Read More »
Categories: 2012 May/June - Year in Review 2011, Articles, Year in ReviewHow remedial action by LAWPRO saves the bar millions
Timely efforts by LAWPRO to “repair” errors committed by lawyers save the Ontario bar millions of dollars every year. 1. Setting aside Registrars’ administrative dismissal orders (Rule 48) Defended actions (Rule 48.14): Judicial discretion to set aside dismissal is unpredictable Registrars’ orders dismissing actions under Rule 48 have become common. In some cases, we were… Read More »
Categories: 2012 May/June - Year in Review 2011, Admin dismissals/Rule 48, Articles, Casebook, Civil LitigationLAwPRO defends lawyers in diverse areas of practice
While it may seem that a large number of LAwPRO claims arise from real estate transactions and routine personal injury litigation, we actually defend claims against a broad spectrum of Ontario lawyers – and in courts ranging from the small claims court to the Court of Appeal. Regardless of the forum or area of law,… Read More »
Categories: 2012 May/June - Year in Review 2011, Articles, Casebook, Civil Litigation, Corporate Law, Family, TaxTitlePLUS update: Careful management of risks, claims paves way for TitlePLUs program’s future
Managing risk: Rigorous underwriting The 2011 policy year marked a period of fine-tuning for the TitlePLUS title insurance program, now headed into its 15th anniversary year. Rising building compliance-related claims costs in recent years prompted our underwriters to make some underwriting changes in 2010 that were deemed prudent for the program’s long-term success. Subsequent additional… Read More »
Categories: 2012 May/June - Year in Review 2011, Articles, TitlePLUSCorporate citizenship: An evolving new LAWPRO mandate
In may 2011, the LAwPRO Board adopted a Corporate social Responsibility (CsR) statement that is based on four principles: a commitment to provide a healthy workplace, respect for the environment, support for the legal community, and support for the larger community in which we live and work. The following is a summary of how LAwPRO… Read More »
Categories: 2012 May/June - Year in Review 2011, Articles, Year in Review2011 financial results explained
A. Net premiums: $109.7 million Net LAWPRO revenues in 2011 stood at about $109.7 million, about $9 million more than in 2010. An increase in the 2011 base premium to $3,350 per lawyer, and in the number of lawyers insured under the program are major factors affecting the net premium figure for 2011. Excess premium… Read More »
Categories: 2012 May/June - Year in Review 2011, Articles, Year in ReviewStudent to lawyer: 20 tips for a successful transition
There isn’t a magic formula for mapping out a career in law. You will make some decisions on where you would like to go, but there are many things outside your control which will impact where you end up. Factors such as economic conditions, personal circumstances, and even a bit of luck will affect the… Read More »
Categories: 2012 Student Issue 1, Articles, Law students/new lawyers, Legal Careers, New LawyersIs this the job you want? How to find the right fit – and then sell yourself in the interview
On the face of it, interviewing should not be all that difficult – particularly for lawyers. As members of a profession who primarily make their living either writing or speaking, the idea that having a conversation about your interests and abilities in your own profession sounds both logical and easy. But throw the words “job… Read More »
Categories: 2012 Student Issue 1, Articles, Law students/new lawyers, Legal Careers, New LawyersWhat new lawyers need to know about LAWPRO’s mandatory professional liability insurance
These FAQs answer some of the more common questions we hear from newly-called lawyers. The answers will help you determine if you need insurance coverage (or whether you’re exempt) and the steps you need to take to get your LawPRO insurance coverage in place. Read on. What is professional liability insurance? Professional liability insurance is… Read More »
Categories: 2012 Student Issue 1, Articles, Law students/new lawyers, LAWPRO policy, New Lawyers