Lockton Affinity, LLC, Author at Colorado Bar

About Lockton Affinity, LLC

Lockton Affinity, an affiliate of Lockton Companies, was formed in 1987 to meet the dynamic, specialized insurance needs of affinity groups, non-profits, associations and franchises.

Improving Client Screening FAQs and Tips

Improving client screening is an important aspect of maintaining an efficient and effective law practice. Engaging in a representation with the wrong client or on the wrong matter could put your career and practice at risk. Improving client screening at your firm helps reduce the risk of troubled representations and malpractice claims. It's wise to [...]

By | September 25th, 2020|Risk Management Tips|0 Comments

What to Do About a Pending Malpractice Claim

At some point during your legal career, it is inevitable you will make a professional mistake. Yet it can be hard to know what to do about a pending malpractice claim that's on the horizon. Sometimes attorneys respond in ways that exacerbate the error, so it's important to know what actions you should take to [...]

By | August 11th, 2020|Insurance Tips|0 Comments

Managing Lawyer–Client Business Transaction Risks

When a lawyer and a client enter a business transaction beyond the typical fee-for-service, the risk of a claim rises dramatically. Price-sensitive clients may offer you business equity, investment returns or even patents to better afford your services. Some of these carefully arranged side deals may even be legal and ethical at the outset but [...]

By | August 11th, 2020|Risk Management Tips|0 Comments

Top 4 Cyber Risks Faced by Lawyers

Law firms and lawyers face risks from doing business online every day. Email communications, digital files, privileged client and business records and sensitive financial transaction information are all attractive to hackers. To stay safe online, it's important to know the risks, minimize exposure and protect against potential impacts. Here are the top 4 cyber risks [...]

By | August 11th, 2020|Risk Management Tips|0 Comments

Mitigating a Lawyer’s Risk for Defamation Claims

Outside the courtroom, a lawyer's professional activities may include types of communication that increase the risk of a defamation claim. Statements made on the courthouse steps, or in press releases, interviews and written descriptions of litigation can all pose a risk of defamation exposure. Mitigating risk for defamation claims is key to avoid a stressful, [...]

By | April 3rd, 2020|Risk Management Tips|0 Comments

Managing Risk Through Client Intake Procedures

Accepting or rejecting potential clients is a frequent occurrence for practicing attorneys. To protect yourself and your firm from high-risk or incompatible clients, you need sound client intake procedures. The right client intake procedures are a smart risk control measure that may help you avert a legal malpractice claim before it can damage your business [...]

By | February 28th, 2020|Risk Management Tips|0 Comments

The Risks of Sharing Office Space as a Lawyer

There are many benefits to sharing office space as a lawyer, like increased cost savings and a more sociable workplace. But without the proper risk management precautions, the blurred boundaries of a shared office put you at greater risk of legal malpractice claims. To protect your reputation and your law firm, it's important to acknowledge [...]

By | January 22nd, 2020|Risk Management Tips|0 Comments

Logistics of a Lateral Move: Tips for a Hiring Law Firm

Lateral moves in the legal community are common and occur for several reasons. As a law firm, you may seek the expertise, passion or enthusiasm of new talent, while attorneys consider lateral moves to avoid stagnation, spur professional development or gain new perspective. Still, it's important to plan carefully to minimize the risks. If your [...]

By | January 22nd, 2020|Risk Management Tips|0 Comments

Minimizing Exposure in Wills, Trusts and Estates Practice

The wills, trusts and estates practice area frequently involves complex issues requiring specialized legal experience and training, as well as matters that may entail high-stakes disputes among family members. According to CNA data, claims involving the wills, trusts and estates practice area surged during the economic downturn of 2008. However, claims frequency continues to remain [...]

By | January 21st, 2020|Uncategorized|0 Comments

Managing Outside Counsel Guidelines

Your client’s outside counsel guidelines (OCGs) can open your firm to several risks. If left unchecked, these risks could expose your firm to additional liability that may not be covered by your Professional Liability Insurance. Where OCGs exist, they often serve as a substitute for the firm's retainer agreement and become the governing contractual document [...]

By | October 7th, 2019|Risk Management Tips|0 Comments