Law and disorder? How the legal profession is adapting to the millennial generation

Resource - 10/09/2018 : human resources, Law firm insurance, Lawyers insurance, millennials, millennials recruitment, Solicitors insurance, Solicitors PI, solicitors professional indemnity, talent retention, Human Resources, Marketing & BD, Practice Management

Law and disorder? Not necessarily.

It’s the era of the millennial. By 2020, millennials — those born between 1980 and 2000 — will make up more than one-third of the global workforce. As law firms compete for that talent...

How law firms can strengthen cybersecurity: Travelers' definitive whitepaper

Resource - 03/09/2018 : cyber, cyber insurance, Law firm insurance, Lawyers insurance, Solicitors insurance, Solicitors PI, solicitors professional indemnity, Risk & Compliance, Practice Management

Power of Attorney: How law firms can strengthen cybersecurity
Whitepaper by Travelers

Imagine for a moment how you would conduct business if you were unable to communicate with your clients. What if you could not...

Travelers – use of email

Resource - 25/06/2018 : Law firm insurance, Lawyers insurance, Solicitors insurance, Solicitors PI, solicitors professional indemnity, Risk & Compliance

Email is now the principal method of communication for most businesses including lawyers and their clients and contacts. The risks are similar to those that lawyers have always faced with written communication but for email they are increased by...

Travelers – fraud and dishonesty

Resource - 18/06/2018 : Law firm insurance, Lawyers insurance, Solicitors insurance, Solicitors PI, solicitors professional indemnity, Risk & Compliance

Dishonesty in law firms

Theft, fraud and dishonesty are a risk for all businesses, but law firms are doubly vulnerable. Not only do they often have significant amounts of money in their accounts, they are also at risk of...

Travelers – drafting errors

Resource - 11/06/2018 : Law firm insurance, Lawyers insurance, Solicitors insurance, Solicitors PI, solicitors professional indemnity, Risk & Compliance

Drafting is a skill that lawyers have to learn and it’s required in all fields of law, whether you are producing a lease, a commercial contract, a will or an agreement for division of the financial assets of a divorcing couple. Insurers...

Travelers – communication with professionals

Resource - 05/06/2018 : Law firm insurance, Lawyers insurance, Solicitors insurance, Solicitors PI, solicitors professional indemnity, Risk & Compliance

This includes communication with experts such as barristers, clinical consultants, accountants, insolvency specialists and surveyors, and also lawyers acting for other parties. Poor communication can cause delay, increased costs and even...

Travelers – communication within your practice

Resource - 31/05/2018 : Law firm insurance, Lawyers insurance, Solicitors insurance, Solicitors PI, solicitors professional indemnity, Risk & Compliance

Communication should be a two-way process. When it isn’t, there is considerable scope for confusion and misunderstanding. Standard procedures will help to ensure that internal communication is effective.

Where problems may arise...

Travelers case study: Pension trustees liability

Case Study - 31/05/2018 : Law firm insurance, Lawyers insurance, Solicitors insurance, Solicitors PI, solicitors professional indemnity, Human Resources

Pension Scheme Trustees have numerous statutory duties and are entrusted with the responsibility for making decisions which affect the members of such schemes. These obligations placed on Trustees continue to increase as new legislation is...

Time is precious...according to Travelers

Case Study - 21/05/2018 : Law firm insurance, Lawyers insurance, Solicitors insurance, Solicitors PI, solicitors professional indemnity, Human Resources

Senior managers, officers and directors are well rewarded for their professional abilities. However, these positions come with a great deal of risk. After all, mistakes happen to the best of us, and these are roles which, by their very nature,...

Travelers – legal knowledge

Resource - 08/05/2018 : Law firm insurance, Lawyers insurance, Solicitors insurance, Solicitors PI, solicitors professional indemnity, Risk & Compliance

Most negligence claims arise from administrative errors, not from lack of legal knowledge. But there are still a number of claims every year which are caused by practitioners getting the law wrong. 

This is usually where lawyers are...

Travelers case study – time is precious

Case Study - 01/05/2018 : Law firm insurance, Lawyers insurance, Solicitors insurance, Solicitors PI, solicitors professional indemnity, Practice Management

Here at Travelers, we recognise it’s our responsibility to support you by providing leading coverages that give your customers real peace of mind. We also understand the important role we can play by supplying you, our brokers, with the...

Travelers – client relations

Resource - 30/04/2018 : Law firm insurance, Lawyers insurance, Solicitors insurance, Solicitors PI, solicitors professional indemnity, Risk & Compliance

Guidance notes for legal practices

In these guidance notes Travelers look at why identifying your client, their objectives and their authority is essential if you are to give a good service.

...

Travelers: Organisation

Resource - 23/04/2018 : Law firm insurance, Lawyers insurance, Solicitors insurance, Solicitors PI, solicitors professional indemnity, Risk & Compliance

Good research, careful preparation and excellent client care can all be spoiled by lack of organisation. It is important that everyone in your practice follows procedures, and this must include partners and directors – nobody should be...

Management liability product set – crime

Case Study - 18/04/2018 : Law firm insurance, Lawyers insurance, Solicitors insurance, Solicitors PI, solicitors professional indemnity, Finance

Increasing numbers of businesses in the UK are experiencing some form of financial fraud. With perpetrators of financial crime developing increasingly sophisticated methods, companies are more than ever vulnerable to attack regardless of the...

Travelers on why everyone needs to make time for risk management

Resource - 10/04/2018 : Law firm insurance, Lawyers insurance, Solicitors insurance, Solicitors PI, solicitors professional indemnity, Risk & Compliance, Practice Management

This article was originally featured as an interview in the April 2018 issue of LPM. To read the issue in full, ...