While referral fees and fee sharing agreements play an important role, these fees are not easy and risk-free money. There are strict requirements in order to collect the referral fee and proactive risk management pertaining to fee splitting agreements is critical. The CNA LPL Risk Control team outlines the rules... Read more →


Legal advertising has not been without its risks and pitfalls. Like other aspects of the practice of law, lawyers are guided by and often times restricted in who, what, where, when and how we advertise. This is most apparent whenever lawyers utilize new methods or services to advertise. However, lawyers... Read more →


Serving as a board member can be mutually beneficial for the lawyer and the corporate entity. Lawyers contemplating board service must weigh the potential benefits against the risks. The potential for conflicts of interest exists. Lawyer-directors need to protect themselves from the heightened risk of liability. Download this month’s Professional... Read more →


Planning for retirement is not easy for a successful and busy lawyer. Whether you intend to retire soon, or not retire at all, it will take time to prepare for a smooth exit from practice. Retirement is not an event; it’s a long-term process. The preparation takes a lot of... Read more →


The vast majority of legal malpractice allegations are filed by clients. However, there are circumstances in which non-clients attempt to file legal malpractice and disciplinary allegations. Attorneys must appreciate where nontraditional legal malpractice exposures exist so that they may take steps to avoid unexpected exposures. Click here to read more. Read more →


As officers of the legal system, attorneys play a special role in the preservation of democratic society. When lawyers engage fairly and with respect for all parties involved, they instill public confidence in the justice system and the rule of law. In the course of representing clients, lawyers serve as... Read more →


Substantial risks exist for law firms that fail to diligently monitor case dockets, read court orders and adhere to filing deadlines. The risk management tools to avoid these mistakes are available and are not difficult to implement. This month’s In Practice… with CNA® highlights recommendations to avoid the nightmare of... Read more →


Many attorneys, regardless of practice area, find themselves in the position of being asked to serve as a trustee for a trust. Attorneys routinely accept the responsibility of serving as a trustee and then find themselves as the custodian of a significant sum of money. Naturally to avoid running the... Read more →


Representing the sponsor of a “Special Purpose Acquisition Company” or “SPAC” poses unique risks to law firms. SPACs have been around for decades but recently have become an increasingly popular investment vehicle, leading some to call 2021 “the year of the SPAC.” In this article, we explain what SPACs are... Read more →