LAWPRO Magazine Article Type
Never Enough: One Lawyer’s True Story of how he Gambled His Career Away
Michael J. Burke, published 2008, 250 pages Never Enough is the shocking, true story of Michael J. Burke, who went from being a successful lawyer, loving father and husband, and respected member of his community to a closet alcoholic and gambling addict to the tune of $1,600,000, using client’s trust account funds.
Categories: Book, Wellness, WellnessLawyer’s Guide to Healing: Solutions of Addiction and Depression
Don Carroll, J.D., published 2006, 183 pages Stress, power, and high expectations of the legal profession leave lawyers especially vulnerable to addiction. What’s more, personality traits that contribute to a lawyer’s success – among them, grandiosity and a need to control – can impede recovery. As director of the North Carolina Lawyer Assistance Program, Don… Read More »
Categories: Book, Legal Careers, Wellness, WellnessLawyer’s Guide to Balancing Life & Work 2nd Edition
George W. Kaufmann, published 2006, 258 pages with CD-ROM This newly updated and revised Second Edition is written specifically to help lawyers achieve professional and personal satisfaction in their career. Writing with warmth and seasoned wisdom, George Kaufman examines how the profession has changed over the last five year, then offers philosophical approaches, practical examples,… Read More »
Categories: Book, Legal Careers, Wellness, WellnessWeaving 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 ReviewCoverage: Premium remains stable in 2016
The year 2016 marked the sixth year in which most insured lawyers paid a base premium of $3,350 for their professional indemnity insurance. As rents and property values continue to climb, and as technology becomes obsolete at an ever-increasing rate, we were proud to be among the few practice expenses NOT growing in 2016. LawPRO… Read More »
Categories: 2017 May - 2016 Annual Review, Articles, Errors & Omissions, Year in ReviewAnswering your complex coverage questions
LawPRO’s Underwriting & Customer Service (UCS) Department handles applications and renewals for the primary professional indemnity insurance program, which provided coverage to over 26,000 lawyers in 2016. New accounts are established as lawyers are first licensed, existing accounts are amended as lawyers change practice setting or type, and all accounts are renewed each fall. For… Read More »
Categories: 2017 May - 2016 Annual Review, Articles, Errors & Omissions