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Insurance Glossary

The world of insurance for law firms can be confusing, and difficult to navigate. We've created this glossary because these common insurance terms should be easy to understand.

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Mark Bassingthwaighte, Risk Manager

Since 1998, Mark Bassingthwaighte, Esq. has been a Risk Manager with ALPS, an attorney’s professional liability insurance carrier. In his tenure with the company, Mr. Bassingthwaighte has conducted over 1200 law firm risk management assessment visits, presented over 600 continuing legal education seminars throughout the United States, and written extensively on risk management, ethics, and technology. Mr. Bassingthwaighte is a member of the State Bar of Montana as well as the American Bar Association where he currently sits on the ABA Center for Professional Responsibility’s Conference Planning Committee. He received his J.D. from Drake University Law School.

4 min read

Don't Minimize The Importance Of Managing Your Side Of the Attorney-Client Relationship

Over the years, numerous articles have been written on how to successfully manage attorney-client relationships. Typically, these articles emphasize effective and thorough communication skills, maintaining a professional presentation at all times...

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3 min read

Is The Death Of The Legal Profession Upon Us?

Over the years, I have witnessed a few vigorous debates where the point of contention was whether the practice of law is a business or a profession...

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4 min read

If You Failed To Document It, It Never Happened.

(Updated March 2024) Please, can we just acknowledge that lawyers as a group are terrible when it comes to properly and thoroughly documenting their...

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3 min read

Yes, Virginia, There Really Are Accidental Clients

I will share that I can appreciate a well-crafted cocktail; but I can also assure you that when I am in a situation where such beverages are being...

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4 min read

When Nonprofit Boards Come Calling

Look, I get it. An opportunity to sit on the board of a local nonprofit is finally yours for the taking. Better yet, it’s a charitable cause you...

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4 min read

How To Minimize The Risk Of Becoming A Victim Of Wire Fraud

Updated 07/2023 Lawyers remain a high-profile target for scammers hoping to get away with wire fraud and the attack vectors they are using continue...

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4 min read

How Long Do We Need To Keep Our Closed Files

Updated August 2023 This question is the one question I’m asked more than any other and I get it. Although my wife is a physician, she had to deal...

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5 min read

Social Media and the Attorney-Client Privilege Warning

I do believe as attorneys we all have a pretty good handle on the ins and outs of attorney-client privilege. It’s not been an issue for me. What...

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