Lawyers Professional Liability Insurance Blog

Referrals May Glitter, But They’re Not All Gold

Posted on 8/2/2016 by Pearl Insurance in lawyers professional liability

You don’t have to accept every customer.

You exhaust the possibilities to expand your client base, face new career challenges, and get a leg up on your competition. But you can’t let your business goals cloud your better judgement. As much as referrals can help your law firm succeed, they can cause just as much harm if not handled properly.

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How Lawyers Research Facts

Posted on 4/6/2016 by Pearl Insurance in lawyers professional liability

Research is a major building block of any law career. Attorneys spend their early years in the profession learning how to conduct precise, accurate research that wins cases and positions them as authorities in their field. Since the advent of the internet, legal research methods have largely shifted from drowning in stacks of books and print journals to sitting behind a computer screen.

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What New Attorneys Need to Know About Professional Liability

Posted on 3/3/2016 by Pearl Insurance in lawyers professional liability

If you want a long and successful legal career, professional liability insurance is just as important as landing new clients and winning cases. Before you begin to practice law, you need to purchase a comprehensive professional liability policy, understand its details and limitations, and take steps to minimize your legal risks.

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Reasons Why Law Firms Fail

Posted on 2/1/2016 by Pearl Insurance in lawyers professional liability

Every single year in the United States, law firms close up shop and send lawyers scrambling in search of new jobs. As you navigates the trials and tribulations of the industry, learn the common reasons why law firms fail so you can protect yourself against falling victim to this reality.

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How to Keep Your Law Firm Financially Secure

Posted on 1/6/2016 by Pearl Insurance in lawyers professional liability

Financial security is no longer a guarantee for established law partners at powerful firms, let alone lawyers with brand new practices. Thanks to a variety of increasingly common factors, including legal software and lingering effects of the economic recession, lack of financial stability is now an industry-wide problem. In fact, one hypothesis suggests that out of the 150 to 250 American firms that are historically profitable and cater to large corporations, only 20 to 25 will survive the next decade.

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