We’re
all taking advantage of it; in fact many of us say we couldn’t live
without it. We use technology throughout the day to help us stay in
touch and communicate. We can text, e-mail, Facebook and blog (like
I’m doing right now.) from just about any place with our
smartphones and laptops. When it comes to handling a busy practice,
the efficiency and convince this can create are indisputable.
However, it has changed our work pace and our work place and
perhaps not always for the better. Are you addicted to checking
your e-mail at all hours of the day and night? Can you unplug when
on vacation or a family outing? And what about the pace….do you
feel compelled to respond right away even though you may have been
working on another task or...
Why Paying Attention to Minor Details Does Matter
A
typical law firm is not a place where everyone sits around all day
drinking coffee and catching up on the latest gossip. More often
than not, attorneys and staff are balancing several client matters
at any given time. I suspect many feel as if there is never enough
time because the workload simply seems to never have an end point.
One ramification of this reality can be that attention to certain
seemingly minor details goes by the wayside.
The kinds of details that I am referring to are those that are all too easily overlooked. They are the details of presentation and interaction as opposed to relevant legal details. Things like allowing a bill to go to a client that has one or more errors in it, sending a letter to a client with the...
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It's
hard to believe that ALPS has been around for twenty-four (24)
years as of this past March 1st. Over that time we have
amassed a lot of experience, mostly good and some not so good, but
on the whole it allowed us to become the best prepared Lawyers'
Professional Liability Insurer in the country to meet the needs of
lawyers in rural areas. During that time we've gotten very good at
defending lawyers when malpractice claims arise and to quote Kenny
Rogers, "We know when to hold-em and we know when to fold-em." I
don't mean to sound glib, but this experience has allowed us to
produce some of the highest quality live CLE events in the country
for our affiliated Bars and thousands of lawyers throughout the
country.
At ALPS we take pride in...
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By
Robert W. Minto, ALPS CEO, robertminto@alpsnet.com
It usually follows that when the wind blows the insurance market acts accordingly. Bracing itself the market hardens and prices go up. It's logical; repairing wind damage costs money and insurance prices increase to cover those costs. The wind blew in 2011 and early 2012 so we should see firming in property and casualty pricing in the next renewal cycle. What does the wind have to do with Lawyers Professional Liability Insurance (LPLI)? Technically nothing, but practically everything. LPLI is a subset of Casualty Insurance and is dependent on the same reinsurance sources as the general casualty markets. In other words, the industry as a whole floats on the same tides.
In Theory
The...
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When
discussing past malpractice claims or disciplinary matters with
attorneys, I often hear statements along the lines of “I knew I
shouldn’t have agreed to take that client on” or “That was one of
those no good deed goes unpunished situations.” Effective risk
management begins with client screening, and those statements
strongly suggested that there was room for improvement in that
area. If the above statements ring true for you now and again,
regardless of whether a claim or complaint ever arose, consider
taking some time to reflect upon your own client screening
practices.
While I believe that most attorneys are skilled at screening potential new matters, not as many are as effective when it comes to screening potential new clients. Yes,...
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I
have always been blessed with excellent vision. In fact, I
used to play a game with my kids, which was basically to see who
could first read a sign in the distance. I never lost that
one; but they kept trying. Of course, and as is to be
expected, presbyopia finally settled in. While I still have
great long distance vision, trying to read a wine list in low light
has become more than a mild irritant and I’m rather frustrated
about that. If that weren’t enough, well, let’s just say the kids
feel like their comeuppance has finally arrived and a little
ribbing comes my way now and again. That’s ok; I’ll still
claim them as mine. Now, a fair question might be what does this
have to do practicing law? The answer is quite a bit
actually.
Let me...
Read More »The perfume of the premium must overcome the stench of the risk
A quote that has been floating around the world of underwriters for a long time is “The perfume of the premium must overcome the stench of the risk.” It is our attempt at humor. However, when it comes to your firm, everyone can help decrease the cost of the “perfume” in the following ways:
- Have the firm’s individual attorneys complete three hours of continuing legal education in the areas of ethics, risk management, loss prevention and/or office management. This will automatically qualify for a 10% credit applied to...
Counsel for Those Considering Entering into Of Counsel Relationships
"Of
counsel" is one of those terms that has multiple
meanings. This term has traditionally been used as an honorary
designation for retired partners, as a special designation for firm
attorneys who are neither a partner nor an associate, and as a way
to describe part-time attorneys who have created an association
with a firm. In recent years, however, more attorneys seem to
want to use the term solely as a way to generate additional
business. After all, the increased exposure coupled with the
presentation of close ties with another firm can be an effective
marketing tool, right? Well perhaps, but there are risks that
come into play and these risks should not be taken lightly.
What is an Of Counsel Attorney?
The "of counsel" designation...
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IVR.
Stands for Interactive Voice Response. They are designed to
improve the customer experience, reduce costs and even drive
sales. In fact, a quick Google search brought up the
following results and sponsored ads:- <Company X>'s IVR solutions, hosting, and platform will delight your callers.
- Customer Satisfaction = Revenue. Improve your IVR with our 14 points.
- Automate complex conversations cost effectively with artificial intelligence.
New Online CLE’s Available to Virginia Lawyers from ALPS
ALPS, the endorsed professional liability carrier for the
Virginia State Bar, is offering two new Ethics CLE programs
produced by ALPS Educational Services. These online and
on-demand programs are for the 2012 VSB CLE year which runs
from November 1, 2011 to October 31, 2012.
The two courses provide invaluable information for the practicing
lawyer and are reasonably priced. Preview and register
here.
Course Descriptions
2012
Top Ten Technology Traps and How to Avoid Them
The latest in computer technology, be it hardware or software,
isn't the final answer when it comes to reducing exposure to a
malpractice claim or avoiding ethical problems. In fact, the use of
technological tools can increase one's risk. While computers can't
commit...
Manage Client Relationships in Addition to Client Matters
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Most
attorneys are more than able to effectively manage their client’s
legal matters. Files are appropriately documented, substantive work
progresses as expected, and resolution is reached in a timely
manner. Unfortunately, competent lawyers who do good work and
get a fine result can still find themselves facing a malpractice
claim. Even worse, some of these claims will eventually lead
to a loss payout. With this in mind, I find it curious that in
my fourteen years in the malpractice insurance industry, I have
never heard of a malpractice claim brought by a satisfied
client. I can also share that I have personally spoken with a
lawyer who did blow a statute of limitations date on a significant
matter. After informing the clients of this...

