Large law firms are seeing increased demands from clients for more efficient ways to provide legal services and contractual requirements within outside counsel guidelines. This session will address how some of these changes may impact a firm’s professional liability insurance and risk profile. Law firm Chief Financial Officers (CFOs), Chief Operating Officers (COOs) and Executive Directors involved in the professional liability insurance buying decision will learn how to provide guidance to firm management in dealing with increased client demands. 

Objectives: 

  • Identify the legal malpractice and other risks associated with ways that firms are being asked to meet client demands, such as secondment attorneys, online services for clients, apps, etc. 

  • Recognize the insurance coverage risks from offering legal services in different ways. 

  • Discover why it’s important to manage outside counsel guidelines. 

Other Information: 

  • 60 Minutes 

  • Audience: Advanced 

  • CLM® Application Credit for Functional Specialists: 1 hour in the subject area of  Operations Management (OM) towards the additional hours required of some Functional Specialists to fulfill the CLM application. 

  • CLM® Recertification Credit: 1 hour in the subject area of Operations Management (OM) 

  • CLE: Participatory Credit 

Speakers: 

Joseph (Joe) Menning practices in the area of professional liability insurance with an emphasis on lawyers' professional liability policies, insurance brokers' errors and omissions policies, and accountants' errors and omissions policies. Joe has represented insurers of some of the world's largest law firms, as well as some of the nation’s specialist boutique firms. Joe often serves as underwriter’s counsel and advises insurers on coverage issues, litigation management and dispute resolution. He also focuses his practice on the representation of insurers in coverage litigation. Joe regularly gives presentations to law firms on a number of risk management topics.

Laura Zaroski, Esq., RPLU, is the Senior Vice President of Gallagher’s law firms practice, where she is responsible for the placement of lawyers professional liability insurance (LPL), management liability insurance and risk management services for Gallagher law firm clients. Her primary focus is midsize to large law firms. Zaroski has a deep understanding of the challenges faced by law firms due to her 16 years as a practicing attorney, her handling of law firms’ claims and years dealing with LPL coverage issues. She is happy to bring her knowledge and skill set to the brokering process to assist firms with finding and tailoring the best coverage solutions available in the marketplace for each individual firm. 

Seminar Information
Date Presented:
January 29, 2020 3:00 PM Eastern
Length:
1 hour
ALA Member Price:
$109.00
Non-Member Price:
$129.00
Clients Rule: Emerging Risks for Law Firms
Individual topic purchase: Selected
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Products
On-Demand (Recording)
ALA Member Price:$109.00
Non-Member Price:$129.00