Why Malpractice Insurance Is Necessary For Lawyers
Malpractice insurance for lawyers is necessary to guard against the possibility of financial ruin imposed by a lawsuit in which an attorney is sued by someone who loses a case in which the lawyer represented them. America is a very litigious society, and the law in many areas is very complex. Normally, this would be good news for the legal profession, in that there is plenty of business to be had for competent lawyers in many different fields. However, there is always the possibility of ending up on the other side of the fence, and facing a lawsuit yourself.
There are many people all too ready to give the irresponsible advice to sue an attorney whenever someone loses a case. The reality is considerably different from the picture painted by these people. In truth, only a very small percentage of lawyer malpractice cases are ever successfully won. Even those that are won may not pay the level of compensation the litigant was hoping for, so anyone thinking of bringing a lawsuit against an attorney just because they lost a case does need to seriously think of the potential consequences. Even the much vaunted 'no win no fee' arrangements are not what they seem, as there are still other expenses you will need to meet.
If you are a lawyer yourself, then you will be only too aware of the current trend of bringing lawsuits against lawyers, often frivolously. Although many of these cases will be brought by people who have been given bad advice, they still end up costing the attorney time which could have been spent on more profitable endeavors. That is not the major problem, however. As with any other form of litigation, there are never any absolute guarantees as to the result. It is quite possible for an apparently frivolous case to go against you, with potentially serious consequences.
Any practising lawyer needs malpractice insurance. Although you should obviously be trying to avoid malpractice suits in the first place by trying to offer the best possible service to your clients, this is sometimes not enough to prevent you from having to defend yourself in a court room. Being thrust into that situation without having the protection you need could even end your career. The law is a serious business. You do not train for years at great expense to become a lawyer so that you can end up broke and chasing another career. Don't take the risk of practising without comprehensive insurance. It is simply not worth the risk.
As with so much legislation in the USA, the laws concerning insurance vary considerably from state to state. There are many insurers whose websites will not even display information until you have clicked a link to confirm which state you operate in. State legislation needs to be understood before you can make an insurance purchasing choice. Many individual insurance policies are only available in certain states, or groups of states. Often this is simply down to the states in which certain companies will operate, rather than any drastic difference in the law between states. A good online broker will have contacts in all of the different states, or you can shop around offline for local malpractice insurance for lawyers.
| Massachusetts Medical Malpractice Law Firm Lubin & Meyer Ranked in 'Best Law Firms' by U.S. News & World Report and . Lubin & Meyer PC, a leading medical malpractice and personal injury law firm in Boston, MA, receives top rankings in the areas of Medical Malpractice Law (Plaintiffs) and Personal Injury Litigation (Plaintiffs).Boston, MA (PRWEB) February 09, 2012 Medical malpractice and personal injury law firm Lubin & Meyer PC, has been awarded two Tier 1 rankings in the 2011-2012 publication of the U.S. News ... | ||
Malpractice lawyer recommendations come from unlikely source: hospitals - Baltimore Sun (blog)
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Lawyer Settles in Vaughan Case [Albuquerque Journal, NM] - Insurance News Net (press release)
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Lawyers, Doctors at Odds Over High Insurance Costs - WKBN/WYFX-TV
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Corboy & Demetrio Lawyer Named Board President of Center for Disability . - TopWireNews (press release)
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New Jersey Legal Malpractice Lawyers Now Offer Helpful Information on the Web - PR Web (press release)
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Savannah attorneys recognized as 'super lawyers' and 'rising stars' A number of attorneys from two Savannah law firms - HunterMaclean and Bouhan, Williams & Levy LLP - have been selected for inclusion on the 2012 Georgia Super Lawyers list and as Georgia Rising Stars... | ||
Trumbull doctors: Malpractice costs threatening health care About 30 Trumbull County physicians participated in a news conference Wednesday at Avalon Inn to protest the way the legal systems in Trumbull and Mahoning counties, as well as across the state, treat medical malpractice lawsuits... | ||
Lawyer: 'Smear campaign' against surgeon must end - Poughkeepsie Journal
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Former Gulf Shores councilman wages long-shot legal malpractice battle BAY MINETTE, Alabama -- Not only did former Gulf Shores City Councilman Greg Kennedy lose the lawsuit he filed over a land deal, he ended up being the one on the short end of a multimillion-dollar judgment when the defendant counter-sued... | ||
Lawyers, Doctors at Odds Over High Insurance Costs Last week, a group of Trumbull County physicians claimed the high cost of medical malpractice insurance is keeping doctors away from the area. On Monday, a group of lawyers said... | ||
Lawyers, Doctors at Odds Over High Insurance Costs - WYTV
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Connecticut: Legal Malpractice Lawyers Connecticut If you do get some monthly savings when you hire a mediation lawyer to handle the malpractice lawyers connecticut a hike. Sometimes it holds activities like wine tasting. You will want to check out the legal malpractice ... | ||
Thompson Hine Lawyers David Hooker and Derek Bork Named to BTI Client Service . - MarketWatch (press release)
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Some hospitals recommend malpractice lawyers to patients Referred attorneys take cases at lower fee; some see conflict After Ada George's thyroid treatment went wrong last summer, leaving the 57-year-old mother of three brain-damaged and comatose, officials from Good Samaritan Hospital approached her family twice to apologize and offer compensation, which the Georges refused, according to court records... | ||
Hospitals suggest malpractice lawyers to injured patients Referred attorneys take cases at lower fee; some see conflict Skeptics warn of potential conflicts of interest.. | ||
New Jersey Legal Malpractice Lawyers Now Offer Helpful Information on the Web Teanecks Davis, Saperstein & Salomon, P.C., recently added information to its law firm website to assist individuals, corporations and government entities that have suffered losses due to the mishandling of their case or transaction by hired counsel.Teaneck, NJ (PRWEB) January 31, 2012 To meet the growing demand for information about ones legal options after hired counsel has negligently ... | ||
Banker Uses Whistle-Blower Rule to Sue for Bonus - Bloomberg
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