Malpractice

For lawyers considering opening up their own shop, malpractice insurance is one of those areas where you’re probably clueless. So you’ll rely on your friend’s recommendation for a carrier, or you’ll just call a few companies who advertise in the Bar publications and see if you can “get the best deal.”

As usual, I’m here to make your life easier with truthful information that you can actually use. No no, don’t thank me. I feel your appreciation.

For purposes of this post, I interviewed Sam Cohen of Attorneys First. Sam is a Florida-based broker. He is licensed in Georgia and has access to other brokers throughout the United States. Now before you gutter dwellers down there in the comment section start hypothesizing (I think that’s the biggest word I’ve used here) about my relationship with Sam, let me burst your conspiracy bubble.

Sam and I are long-time friends and have never done business together.

Some years ago, I was referred to Sam when my policy was up for renewal. He went out and got quotes from a half dozen companies, compared them to my policy, and determined that what I had was the best. So he made zero dollars, and based on his against-his-financial-interest honesty, I refer everyone to him. (There’s a lesson in there somewhere).

Here’s the interview….

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Do you remember those Viagra commercials where they tell you to seek medical attention if you’ve had an erection for more than four hours? That seems like a logical course of action — after all, it’s sometimes possible to have too much of a good thing. But what happens when you’re not taking an erectile dysfunction medication, and you’ve been standing at attention for an entire day or more? What should you do then?

Well, most men would take to WebMD in a heartbeat if they knew that their junk was at stake. Most men would immediately seek medical attention, regardless of a potentially long wait time at the hospital, because most men are fairly attached to their penises.

But not this man — he waited politely and patiently to find out that his penis was ruined….

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It’s easy and popular to criticize America’s tendency towards over-litigiousness. You can talk and argue all day over abstract ideas, but have you seen the numbers all laid out in a handy-dandy infographic? No? Well, we have a special treat for you….

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Be forewarned: I’m citing case law here, so if that scares you, stop reading now.

There are two things lawyers are doing wrong when it comes to scope of representation, as in, “What is your obligation to this client?”

The failure to comprehend this critical concept begins when you are retained, and rears its head again when the representation is over.

So let’s talk about the dumbass things you are doing to complicate your life, and how to fix them.

First, understand that there are few things more important than a “scope of representation” clause in your retainer agreement….

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Non-Sequiturs: 10.24.11

* The TSA must be stopped. They’re now leaving creepy notes when they spy personal items in your luggage. [Not So Private Parts / Forbes]

* Law students, trust me, there’s nothing on your Facebook page that three more points on the LSAT won’t fix. [WSJ Law Blog]

* Berkeley Law 1Ls are playing an awesome game of assassin. Man, I miss college. I mean law school. [Nuts & Boalts]

* Would there even be medical malpractice if libertarians ruled the world? [Overlawyered]

* The Casey Anthony jurors are probably dying for a closeup. [Huffington Post]

* The future of Law and Economics. [Truth on the Market]

A wise man once said: “There, but for the grace of God, go I.”

I think of this whenever there are claims of attorneys royally screwing up e-discovery. It’s easy to indulge in some schadenfreude and say, “What suckers!” But truthfully, many firms — even the big, prestigious ones — are more vulnerable than they’d like to admit.

This month, McDermott Will & Emery ended up in the bright, unpleasant spotlight, because a former client sued the firm for malpractice.

Why, you might ask? The firm allegedly botched a client’s e-discovery.

Keep reading to see how the Am Law 100 firm became the e-discovery dunce du jour….

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Full disclosure: Gilbert Arenas is one of my favorite basketball players. Sure, he’s a selfish, me-first player. And he seems to be one of the gun-nut whackos I would never want as a neighbor. But the man is the author of one of the best quotes of all time.

Check out Deadspin for Gilbert’s full thoughts on shark attacks. Here’s the kicker:

So if you’re swimming in the water and a shark bites you, that’s called trespassing. That is called trespassing. That is not a shark attack.

A shark attack is if you’re chilling at home, sitting on your couch, and a shark comes in and bites you; now that’s a shark attack. Now, if you’re chilling in the water, that is called invasion of space. So I have never heard of a shark attack.

Arenas is a gunner on the court and off the court, and he would certainly be one in the legal classroom.

So who knows, maybe he would make a great lawyer? He can’t be much worse than the lawyers at Trope and Trope. That’s the name of the law firm representing Arenas’s ex-girlfriend in legal proceedings against the star athlete.

And thanks to Trope, we know everything the woman is alleging against Arenas. Apparently Trope can’t keep its documents in order….

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Well, this is pretty much my worst nightmare. Legal Profession Blog reports on the horrible story of Olufemi Nicol:

The Illinois Administrator has filed a complaint alleging that an attorney failed in bad faith to repay his student loans for a graduate business degree obtained after he graduated from the University of Chicago Law School in 1994. From 2006-2006, the attorney held several positions in business including a stint as president of Gear 7 in Los Angeles. The complaint alleges that the attorney received over $78,000 in loans in 2006 and signed two promissory notes. He allegedly has not made any payments on either note.

Okay, phew. I never took out additional loans for further education while I still owed money on my J.D. And I restarted payments — minimum payments — after I got a new job outside of Biglaw. I’m golden. AVOIDING DEBTOR’S PRISON SECURE!

But this Nicol guy? Yeah, sounds like he’s screwed. Law Shucks picks up the story….

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