Managing Partner Randall A. Miller authored an article featured in The Recorder discussing strategies lawyers should take to reduce the risk of malpractice claims, especially in an economic downturn. “The number of claims and lawsuits against lawyers – and the magnitude of those claims – has increased steadily,” says Mr. Miller. “Lawyers must be extra vigilant in managing risks, and take precautionary measures to shield themselves from such claims.”
Mr. Miller offers risk management techniques for minimizing liability, such as adopting a more selective attitude toward potential clients, carefully documenting all communication with clients throughout the entire legal process and having a strong attorney-client retainer agreement.
Consequently, Mr. Miller discusses the insurance implications of increased malpractice claims, which may include higher premiums and difficulty securing insurance in the future.