Berkley Select (a Berkley Company)’s Post

In this month's Lawyer's Professional Liability (LPL) Tip of the Month, sponsored by our Risk Management partners Hinshaw & Culbertson LLP we discuss the difference between Ethical Deposition Preparation and Improper Witness Coaching. 📝 Effective witness preparation necessarily includes strategizing how to tackle the more difficult angles of a case. While it may be tempting for a lawyer to undertake some form of “damage control” when a witness goes rogue, lawyers should think carefully on how to properly rehabilitate a witness’s testimony. Learn more here: https://ow.ly/UG9L50Qw6rC

Check out my latest blog on the top 5 mistakes attorneys make that can expose them to costly malpractice risks.

🚨 Lawyers, listen up! 🚨 In his latest blog, DJ McKenna, CIC, CLCS,CRIS, our Lawyers Professional Liability expert, examines the top 5 mistakes attorneys make that can expose them to costly malpractice risks. Gain a legal insider's perspective on: ✅ Communication mishaps and how to avoid them ✅ Robust strategies for managing deadlines ✅ Best practices for file and case management ✅ Continuing education to stay ahead of legal trends Don't let preventable errors jeopardize your reputation and practice. Read DJ's must-read blog post here: https://hubs.la/Q02BrCZ10 Connect with DJ to discuss tailored Lawyers Professional Liability coverage and risk management solutions: https://hubs.la/Q02BrCH20 #LibertyCompany #LiberyBlog #RiskManagement #LegalTips

💡 In this month's Lawyers Professional Liability (LPL) Tip of the Month, brought to us by our Risk Management Partners Hinshaw & Culbertson, learn more about the importance of an attorney finishing required CLE courses on time. To a busy attorney, satisfying mandatory continuing legal education requirements might seem like an afterthought. 📃To avoid CLE compliance problems, firms of all sizes should consider a unified CLE tracking and reporting system with automated reminders sent to attorneys at regular intervals. Learn more: https://ow.ly/Ukvs50Ru5CM

In the latest episode of ‘Legal Sound Bites’ from Law Firm Ambition, we look at the significance of documenting retainer agreements and managing client expectations to mitigate potential liabilities. Paul Smith CIRM, our in-house Solicitor & Risk Management Practitioner, explores the implications of a recent professional negligence case, providing invaluable insights on managing risks around retainer formation and duties of care >> https://travl.rs/3Q4D56z #Legal #LawFirms #Risk #RiskManagers

Do you work in a compliance team in a law firm? Then what are you doing at 12 today? Why not join Kate Burt and myself for another Compliance for Law Firms session? Today, Samantha Pye LLB (Hons) Cert CII from Miller Insurance Services LLP will discuss the benefits of preparing a risk management submission and key considerations on what to include. She will discuss why a proposal form does not always present the firm in a favourable light and what can be done to mitigate this risk. Got a PII/Risk-related question? This is your chance to ask Sam anything!

Public #companies face increased threats from #classaction #lawsuits, posing serious risks to #financial stability and #shareholder confidence. #Settlements can reach the billions, and protracted #litigation can damage long-term market positions. #Directors have a #fiduciary duty to ensure effective #risk management and #compliance programs are in place. My latest article in #Directors & #Boards covers key defense strategies and proactive steps to mitigate these risks. #corporategovernance #classactions Dinsmore & Shohl LLP #AccomplishMore #DinsmoreCleveland

#Classactions can harm a company’s finances and #reputation. Early #strategic planning with #legal #counsel and a proactive #risk management approach is essential to prevent and mitigate these risks. Start planning now—consult with your board and legal team to create a proactive strategy!

Questions for my network: 1) Do you use Fraud Risk Maturity Models? 2) How do you assess the rigor of movement between levels? 3) Do you find comparability within your sector? 4) Are they required in your audits? Association of Certified Fraud Examiners (ACFE)AICPA Group Learning Forensic Accounting & Litigation Support Services