In this month’s article, we provide a heads-up for those attorneys not already versed on the changes to the Corporate Transparency Act (CTA) coming on January 1, 2024. Congress decided it was necessary to create mandatory beneficial ownership information (BOI) reporting requirements and, despite the American Bar Association’s best efforts,... Read more →

The client intake process provides the first opportunity to decide if you want to take on that client and to eliminate and examine potential red flags. The newly amended Rule 1.16(a) of the American Bar Association’s (ABA) Model Rules of Professional Conduct and its Comments provide guidance on conducting due... Read more →

Legal malpractice allegations have overlapped with mainstream entertainment due to the wide proliferation of podcasts. Attorneys may be persecuted in the “court of public opinion” as a result. CNA’s Risk Control team has compiled resources and valuable lessons in this month’s article to help attorneys mitigate risks associated with these... Read more →

The legal opinion practice has established itself as a commonplace, especially in certain practice areas. A third party benefits from the legal opinion rather than the client. Offering legal opinions may result in potential disciplinary issues and/or third-party legal malpractice actions. Learn about the best practices for third-party legal opinions... Read more →

While the true impact of artificial intelligence (AI) on the legal profession is still being written, attorneys must be aware of the effects it may have on their practice. At a minimum, law firms should carefully balance the risks of implementing AI, such as ChatGPT, against any expected benefits. This... Read more →

An effective advance conflict waiver may permit lawyers to take on matters adverse to a client without the need for a subsequent waiver from that client and may limit exposure arising from a conflict of interest. This edition of In Practice…with CNA offers helpful suggestions for the possible use of... Read more →

There is no question that our economy has been in a weakened state for a lengthy time period, which may impact professional liability claims for lawyers. Virtually all areas of practice for lawyers showed an increase in claims as a result of the 2008-09 recession. CNA’s Risk Control team has... Read more →

The CNA Lawyers Allied Vendor Program has identified companies that can help strengthen a law firm’s risk control programs. Some of the tools provided by partners with this program include law practice management, document management, cyber/data/communications security, and more. Learn more about these offerings in this month’s article, "Third Party... Read more →

Social media communications can be quite difficult for clients. Negative posts by an opponent can turn a basic business dispute into a reputational risk. Since social media is often publicly available, even third parties can affect the matter, sometimes in unexpected ways. This month’s article explains how attorneys can stay... Read more →

Tax laws can often appear daunting, and even experienced professionals may make mistakes at times when it comes to meeting compliance deadlines and making tax elections. Read this month's article here for specific regulations and examples related to tax election omissions and mistakes as well as tips for navigating these... Read more →