Law firms manage sensitive client data, making them vulnerable to increasing cyber threats. As cyber crime rises, legal professionals encounter significant risks that impact regulatory compliance, financial stability, and their reputation.
Legal practice management software can help law firms manage rising overhead costs, enhance profitability, and improving operational efficiency in a competitive landscape.
Artificial intelligence has increased legal liabilities for attorneys and firms utilizing AI in their practice and can significantly impact the legal field.
As the legal landscape changes, understanding professional liability and risk management strategies is essential for safeguarding the firm's interests and reputation.
Claims of professional liability against attorneys have risen consistently in the U.S., with the American Bar Association's (ABA) latest study showing estate, trust, and probate claims accounting for nearly 12% of reported cases between 2016-2019.
Lawyers face potential liability claims even after their professional liability insurance policy has ended, making "tail coverage" essential for long-term protection.
Legal professionals face various risks that may arise long after services have been provided, necessitating specific types of professional liability insurance.
Recognizing the growing importance of protecting sensitive information, New York has implemented Cyber Continuing Legal Education (CLE) requirements to ensure that attorneys stay informed about the latest cybersecurity practices and threats.
Navigating the complexities of legal malpractice claims, ranging from large national companies to small, boutique firms, play a significant role in shaping the claim experience.
Navigating the complex terrain of professional liability insurance to shield against the unforeseen legal challenges that can arise in the course of professional practice.
Law offices handle a considerable amount of sensitive data related to their clients and cases, making them a potential target for various cyber threats. With cyber crime on the rise, legal professionals face substantial risks from regulatory, financial, and reputational perspectives.
Effective on January 1, 2024, Congress’s most recent effort to combat money laundering and other financial crimes - The Corporate Transparency Act (“CTA”).
Navigating through the myriad of insurance coverage options can daunting. Specialist insurance brokers offer a beacon of clarity and expertise in a sea of policy jargon and fine print.
Personally-identifying information (PII) can be used to commit financial fraud and ruin the good standing of crime victims and the firms representing them.
Generative artificial intelligence (AI) and machine learning technologies has had significant impacts on the legal field in powerful and unexpected ways.
