In today’s technology-driven economy, companies across all industries store large amount of their clients’ information. Personally Identifiable Information (PII) is extremely valuable for cyber terrorists, and without the proper protection, businesses are prime target for cyber terrorists.
From clear communication to proper documentation, there are many ways you can prevent malpractice claims and subsequent loss at your firm. Follow these loss prevention tips for attorneys to protect your firm.
- Avoid Conflicts of Interest
Allegations of conflict of interest drive both frequency and severity. Watch carefully for conflicts arising from dealings with former or current clients and avoid those arising
The Cyber Breach
Unfortunately, law firms are still regarded as “soft” in the comparative world of cyber targets. Many law firms use systems that are easier to penetrate than those of their more sophisticated clients. This imbalance in technology leaves the law firm as the weakest link in the data chain and an obvious target for cyber criminals.
Further, lawyers, even if employed at
Do you wonder if you really need legal malpractice insurance when you open your law practice? Even if your practice is small and you are extremely diligent in your work or you work in an area where ‘everyone knows everyone’ and you believe that your clients would never sue you, consider the following:
- An estimated 4-17% of lawyers are sued each year.