Bill Thompson of Monitor Liability Managers looks at how new types of claims against lawyers impact increased coverage and gives advice for law firms to protect themselves from these types of claims.
In this clip from the 2011 PLUS International Conference educational session entitled “Navigating the Minefields in Disastrous PLI Claims,” Gary Shendell (Shendell & Pollock P.L.), Eric D. Kaplan, Esq. (Kaplan Papadakis & Gournis, P.C.) and Randy Johnston, Esq. (Johnston Tobey, PC) look at the pitfalls in filing fees claims.
For more on PLI claims make sure to catch “Keeping Damages Down – High Exposure EPL/E&O Claims” at the 2012 Professional Risk Symposium, March 29-30 in Chicago.“
PLUS members can view this entire educational session by visiting www.plusweb.org/education/multimedia. You must be a member and logged-in to the website to view the multimedia content.
Other panelists at this session were: Gerald Merritt, Esq. (The Hanover Insurance Group).From the Wall Street Journal Blogs:
Legal malpractice claims are up as much as 20 percent this year compared to last at some of the country’s leading insurance providers, a new survey finds.
Lingering effects of the economic recession and the continued real estate slump are fueling the rise in professional liability and malpractice claims brought against law firms, The Am Law Daily and Insurance Journal report.
The survey, managed by insurance broker Ames & Gough, polled six major insurance companies that collectively provide coverage to about three-quarters of midsized and large American law firms. The majority of surveyed firms cited increases anywhere from 6 to 20 percent, although two said claim levels were so far stable this year.
