Monthly Archives: May 2014

Engagement Letter Tips

According to a recent Law360 article, weak engagement letters are to blame for a flurry of recent legal malpractice claims.  The article, which you can read here, discusses the use of engagement letters in recent legal malpractice claims and says in 65% of the cases, an engagement letter wasn’t used.  It goes on to say that in only 5% of the cases, there was a well drafted engagement letter that limits the law firms liability.

While there are many things we recommend law firms to do craft strong engagement letters, here are three tips:

  • Do not provide any guarantees
  • Be very clear with the client about the project you were hired for
  • If the client is new to the firm, get a retainer and make sure it is substantial
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Taking a Comprehensive Look at your Legal Malpractice Coverage

An article we wrote on legal malpractice was recently published in the KCMBA Counselor magazine and we wanted to share it with you.  It emphasizes the importance of taking a comprehensive look at your legal malpractice coverage.  This includes contemplating risk management, your carrier’s financial strength, and cyber liability.  The entire article is posted on the KCMBA website, or you can click here http://www.lawfirminsurance.co/pdf/BrushCreekPartners-Malpractice.pdf

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