A lawyer's professional liability insurance is one of the best tools for managing risk, but great coverage is about more than the basic protections. When you purchase coverage from the Colorado Bar Insurance Program you receive more than insurance. When it comes to the important choice of legal malpractice insurance for you and your practice, [...]
In the wake of the pandemic, the adoption of cloud technology and remote workforces in the legal sector accelerated. This drastic change left lawyers and law firms trying to manage new security vulnerabilities such as malware, ransomware and data breaches. Despite the risks, cloud technology offers many benefits to law firms. Luckily, there are steps [...]
Many lawyers view their pro bono work as a higher calling. Providing professional services free of charge is a way to give back to the profession and elevate the practice of law. It's also common for lawyers to view their pro bono work as an opportunity to broaden their horizons. At the same time, it's [...]
In the past year, there has been a massive surge in ransomware attacks targeting law firms, costing law firms hundreds of millions of dollars, exposing sensitive client data and crippling their ability to operate. Many law firms continue to focus primarily on their client matters, not realizing how a ransomware attack could now devastate their own [...]
With another year upon us, it's a good time to reflect on areas you can improve when it comes to your current firm practices, specifically the engagement letter best practies. As the contract between you and your client, a written engagement letter is essential. Each new client matter or representation, big or small, should begin [...]
Like most lawyers, you know that your diligence and professionalism can help to minimize the chance of having a problematic engagement. Yet even with the best laid plans, things can go wrong, and you could find yourself facing a legal malpractice claim. Claims happen every day, often to the best of lawyers, and sometimes even [...]
Lawyers must strike a careful balance between maintaining easy access to digital files and safeguarding the firm's confidential data. Hackers are becoming more and more sophisticated, which means it's more important than ever to use secure passwords for all your files and devices. To stay safe, your firm's password security must evolve to keep pace [...]
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 [...]
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 [...]
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 [...]