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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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law practice management

Lawyer holding other people's money.

5 min read

7 Ways To Stay Out of Trust Account Trouble

Trust account problems remain one of the top reasons attorneys are disciplined here in the US. And while there have been and will continue to be attorneys whose trust accounting activities are egregious and occasionally even criminal, such behaviors...

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Ducks in a row

4 min read

When Sharing Office Space, Make Sure You Have Your Ducks in a Row

I once came across a comment on a blog post about attorneys sharing office space that stated malpractice insurance companies and those who write our...

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woods as a metaphor for the statutes of limitations

3 min read

Are We Out of the Woods Yet? Statutes of Limitations for Legal Malpractice Claims

If you’re coming across this post, chances are that you’ve just Googled something like, “what is the statute of limitations for legal malpractice...

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two unprofessional lawyers are not setting the right impression for their future clients

6 min read

Why First Impressions Matter

Like you, I’ve been a consumer for years and the older I get the more I’ve come to recognize the impact of first impressions on my spending...

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a successful attorney starts their own practice

3 min read

Business Insurance Risks Every Law Firm Should Understand

When you hear that an attorney is “hanging their shingle” you think of a lawyer starting a new practice on their own or with a partner or small group...

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two lawyers create their business plan for their law firm

2 min read

Insurance Coverage Every Small Law Firm Should Consider

When you think of protection from malpractice as an attorney, we hope you think of ALPS. For over 35 years ALPS has focused exclusively on the...

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a lawyer saying

3 min read

Why It’s Important To Be Able To Say "No"

Some people seem to struggle when it comes to saying no. Perhaps they view it as requiring them to be confrontational and confronting someone can be...

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A lawyer learns his lesson with regards to engagement letters and points at the lesson with his hand

3 min read

A Properly Drafted Engagement Letter Can Help Defend Legal Malpractice Claims

At ALPS, we strongly encourage you to use engagement letters — so much so that if a claim is made against you and handled under certain policy forms,...

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Cookies

4 min read

How Little Things Can Turn Into Big Problems

When I was young, I tried to bake cookies on my own as a surprise for the rest of my family who was away for a few hours. I had yet to appreciate the...

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4 min read

Communication Tips You Didn’t Hear In Law School

Spare Yourself Headaches In Your Law Practice by Following these Helpful Communication Tips: Hard to believe that around this time 20 years ago I...

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a lawyer looks into a maze because he can't find his client

2 min read

But What if You Can't Find Your Client?

There is no shortage of ethics articles reminding you to pay attention to the occasionally overlooked question of who is the client and when a ...

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lawyers discuss conflict waivers

2 min read

Joint Representation Conflict Waivers – Why You Can't Have It Both Ways

An estate planning firm asked me to review several sample Consent to Joint Representation forms they were using with their clients; and what I found...

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Lawyer receiving notice of a malpractice counterclaim.

6 min read

How to Avoid the Legal Fee Suit Counterclaim

You finish a client matter. You feel good about the quality of your work, and you are pleased that you got such a good result for your client. Then,...

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