It’s a difficult world for law firms these days. Client demands, increased competition, and the distractions of technology can put pressure on any business. Law firms who try to respond with “traditional” firm management are perhaps more susceptible than any other business to falling victim to the chaos. But fortunately, there’s a solution. And it’s… Read More »
Categories: Law Practice Management
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: Law Practice Management
Here’s a rare bit of good news when it comes to fraud and cybercrime. Housingwire.com reports that several fraudsters have been arrested in the U.S.. The scams they are accused of running include hacking firm email accounts to redirect funds from real estate transactions to their own bank accounts. See Danger: When a Hacker Emails… Read More »
Categories: Fraud Prevention
While wills and estates may never rival litigation or real estate as a risky practice area for lawyers, LAWPRO has seen the average annual number of wills claims double over the past 10 years. Growth in property values renders these errors more expensive and growing complexity in family structures, family law and tax law makes… Read More »
Categories: Biggest Claims Risks, Communication Errors, Wills & Estates, Areas of Law, Risk Management & Claims Prevention
You’re looking forward to retirement – next year, or maybe 20 years down the road. Or perhaps you’re leaving private practice to work as in-house counsel. Whatever your plans, you want to be assured that malpractice claims won’t come back to haunt you or your family. Real estate claims continue to be a major source… Read More »
Categories: Real Estate, The TitlePLUS Program & Title Insurance, Areas of Law
While the will itself is the product of the collaboration between lawyer and client, the reporting letter serves a separate purpose: it’s the record of the context. To the extent that the reporting letter documents the process of crafting the will, it can bolster validity, shield the lawyer from malpractice allegation and demonstrate the value… Read More »
Categories: Communication Errors, Wills & Estates, Areas of Law, Risk Management & Claims Prevention
[This article was edited on June 7, 2018] The Construction Lien Act amendments will begin to take effect July 1, 2018. Hailing big changes to timelines, procedures and the manner in which many disputes will be resolved, the new legislation includes a gradual transition to help you avoid a misapplication of the new provisions. Among… Read More »
Categories: Uncategorized
There has been a huge growth in cybercrime attempts against lawyers and firms, who must now be on guard against bad cheque frauds, phishing, funds transfer frauds and attempts to hack firm information. We have published a new 4-page Cybercrime and Bad Cheque Scams Fraud Fact Sheet (PDF) to help lawyers spot the red flags… Read More »
Categories: Fraud Prevention