Content Type
Remaking Law Firms: Why and How
The traditional law-firm business model has delivered technically excellent service at seemingly whatever cost. But the times have changed, with the global financial crisis only accelerating the price-down pressures, commoditization, and client demand for efficient, business-relevant services. To respond, law firms will have to go beyond cutting costs while preserving the general way they win… Read More »
Categories: Book, Content Type, Finances, Firm Management, Future of law, TopicsReal Estate File Management Checklist
Real estate continues to be the second largest LAWPRO claims area by count and cost. Breakdown in lawyer/client communication is the most common cause of real estate claims. Even the most routine real estate transaction has many steps and the details may seem obvious but it is easy to let one or two slip through… Read More »
Categories: Areas of Law, Checklist, Content Type, Real EstateLiability insurance for lawyer/directors of charities or non-profits
Serving as a director of a charitable or not-for-profit corporation can be a rewarding but potentially risky experience. A director can be held personally liable for his or her own actions or failures to act, as well as jointly and severally liable with the other members of the board of directors. Directors with specialized knowledge… Read More »
Categories: Articles, Content Type, LAWPRO policy, TopicsEditorial: Retiring President & CEO
This is my last editorial for LawPRO Magazine. After 10 years as CEO it is time for me to retire from LAWPRO. The title of CEO comes with a certain reputation. One knows that opportunities for growth and development will be offered but also great expectations will need to be met. I faced both to… Read More »
Categories: 2018 May Year in Review 2017, Articles, Content Type, LAWPRO MagazineEditorial: Incoming President & CEO
As a young litigator in Niagara more than two decades ago, I had to report my first claim to LPIC (as it was then known). I remember my feelings like it was yesterday. It was a simple and preventable error – missing a notice period on a slip and fall. I felt embarrassed. I felt… Read More »
Categories: 2018 May Year in Review 2017, Articles, Content Type, Editorials, LAWPRO Magazine, LAWPRO Magazine Article Type2017 Annual Review: Financial Results Explained
A. Net premiums: $108.5 million LAWPRO net earned premiums in 2017 w ere $108.5 million. As expected, premiums from the mandatory insurance program were considerably lower than in 2016 ($115.8 million) following a reduction in the annual base premium from $3,350 to $2,950. Nevertheless, they were still higher than the amount budgeted for the year… Read More »
Categories: 2018 May Year in Review 2017, Articles, Content Type, LAWPRO Magazine, LAWPRO Magazine Article Type, Year in Review2017 Annual Review: Coverage
Lowered premium proves successful; maintained for another year For the 2017 professional indemnity insurance renewal, LAWPRO introduced a $2,950 base premium, a $400 reduction from the year prior. Despite the lower premium, the company was able to meet its claims obligations on a roughly “break-even” basis – an approach made possible by the achievement of… Read More »
Categories: 2018 May Year in Review 2017, Articles, Content Type, LAWPRO Magazine, LAWPRO Magazine Article Type, LAWPRO policy, Year in ReviewRepairs: Putting Things Right For Our Insureds in 2017
The ideal way to handle errors is to repair them before they can cause any harm. Claim repairs have the potential not only to limit costs to the insurance program, but also to restore clients’ faith in the legal profession and to protect lawyers’ reputations. LAWPRO counsel repair claims in all areas of law, using… Read More »
Categories: 2018 May Year in Review 2017, Articles, Casebook, Content Type, LAWPRO Magazine, LAWPRO Magazine Article Type, Year in ReviewIn Defence of Our Insureds in 2017
LAWPRO defends actions against lawyers and licensed paralegals practising in every area of the law. In our February issue, we highlighted 2017 civil litigation claims. Family law A plaintiff hired a lawyer to handle certain financial matters, including the drafting of a prenuptial agreement, in preparation for her upcoming marriage. It eventually came to light… Read More »
Categories: 2018 May Year in Review 2017, Areas of Law, Articles, Casebook, Civil Litigation, Content Type, Corporate Law, Family, LAWPRO Magazine, LAWPRO Magazine Article Type, Real Estate, Tax, Year in ReviewpracticePRO Program: 2017 Year at a Glance
January What do homeowners really know about title insurance? We stopped commuters in downtown Toronto to ask. The results were amusing and illuminating, and the video is available on LAWPRO’s YouTube channel as part of our public awareness campaign to educate the public on the role of lawyers. February We released two issues of LAWPRO… Read More »
Categories: 2018 May Year in Review 2017, Articles, Content Type, LAWPRO Magazine