Where to start? I have a number or law firms that refer to me as their “legal research ” dept on arbitration issues. Why? Because they are too cheap to maintain a decent research/library staff. Too busy booking those billable hours. OK. Here in Texas, many law firms are requiring clients to sign a binding arbitration agreement as a requirement for representation. Absolutely enforceable. AND, if they designate the FAA as controlling, screw the Tx Gen Arbitration Act. AND, if the FAA controls, the terms of the agreement must be enforced AS WRITTEN. That means a limitation on damages is enforceable. So says the US Supreme Court. I’m not an attorney, but I can read and have more than 3 brain cells. Been following the development of arbitration since 1994. It IS settled law.
You can check this beauty I found yesterday. I think this is first in the world E2E solution for Lawyers’ Professional Liability.
Embroker, Inc. (“Embroker”), the digital insurance company that is radically improving the way insurance works for businesses, today announced the launch of its new Lawyers’ Professional Liability (LPL) platform for both large and small law practices.
Commonly known as Malpractice Insurance or Errors & Omissions Insurance (E&O) which has been available for years, Embroker’s new LPL platform allows law firms of almost any size to secure and enroll in legal malpractice insurance in a fraction of the time and at more affordable rates.
Typically, legal liability cost is $3,000 per attorney per year, plus the administrative cost of the buying process. It requires a lengthy application that can take hours to complete and is a cumbersome yearly process, despite the fact very little might have changed from the previous year.
Where to start? I have a number or law firms that refer to me as their “legal research ” dept on arbitration issues. Why? Because they are too cheap to maintain a decent research/library staff. Too busy booking those billable hours. OK. Here in Texas, many law firms are requiring clients to sign a binding arbitration agreement as a requirement for representation. Absolutely enforceable. AND, if they designate the FAA as controlling, screw the Tx Gen Arbitration Act. AND, if the FAA controls, the terms of the agreement must be enforced AS WRITTEN. That means a limitation on damages is enforceable. So says the US Supreme Court. I’m not an attorney, but I can read and have more than 3 brain cells. Been following the development of arbitration since 1994. It IS settled law.
You can check this beauty I found yesterday. I think this is first in the world E2E solution for Lawyers’ Professional Liability.
Embroker, Inc. (“Embroker”), the digital insurance company that is radically improving the way insurance works for businesses, today announced the launch of its new Lawyers’ Professional Liability (LPL) platform for both large and small law practices.
Commonly known as Malpractice Insurance or Errors & Omissions Insurance (E&O) which has been available for years, Embroker’s new LPL platform allows law firms of almost any size to secure and enroll in legal malpractice insurance in a fraction of the time and at more affordable rates.
Typically, legal liability cost is $3,000 per attorney per year, plus the administrative cost of the buying process. It requires a lengthy application that can take hours to complete and is a cumbersome yearly process, despite the fact very little might have changed from the previous year.
Source: https://www.prnewswire.com/news-releases/embroker-launches-new-lawyers-professional-liability-platform-300986520.html