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English arrow For Law Firms arrow Firm & Practice Management arrow Risk Management and Professional Firm Claims

Risk Management and Professional Firm Claims


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Price: $50.00 -
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Course #: ENFM0012R


Description

Professional liability claims are increasingly common among professional firms, and are likely to proliferate in a declining economy.  Even a meritless claim can cost a firm significant time and money to defend, and have a negative impact on a firm’s reputation and insurability.  Effective risk management can be a substantial factor in minimizing a firm’s exposure to professional liability claims and is, in the final analysis, the responsibility of every employee at the firm.

 

Who should attend?

This presentation will focus primarily on risk management for law firms, but the lessons to be learned are largely applicable to accounting firms and other professionals, from the most senior partners to junior level associates and employees.

 

What you will learn:

We will examine a profile of legal malpractice claims, compiled by the American Bar Association, and discuss risk management tools that are designed to help reduce the risk of such claims.  Our discussion will include a consideration of the following:

  • Which areas of practice generate “high frequency” claims?
  • Which types of activities most commonly result in claims?
  • The importance of thoughtful client intake and client communications.
  • Avoiding conflicts of interest.
  • How a “team approach” can help minimize the risk of claims.

 

What you will receive:

A comprehensive set of PowerPoint slides

 

Recorded: 06/04/08


 

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