Eight Risk Management Concerns for Cannabis Businesses
The cannabis industry has exploded in recent years, driven by legalization in new states and an influx of venture capital investments. The global cannabis industry is expected to reach a staggering $148.9 billion by 2031. While there are enormous risk factors in the cannabis market, there are ways to manage that risk safely. Cannabis business […]
Could Russian cyberattacks affect your business?
Russian cyberattacks have been on the rise since the beginning of the Ukrainian conflict. Businesses that engage in activity with Russia have experienced a drastic increase in cyberattacks—with one in three businesses and one in four charities regularly experiencing breaches. Experts around the world have given warnings about the potential for further cyberattacks due to […]
Screen Clients to Avoid Countersuits for Late Legal Fees
When attorneys are dealing with unpaid legal fees from their clients, an obvious course of action is to file a suit against the client for the outstanding legal fees. Unfortunately, this can unleash a Pandora’s box of negative consequences for the suing attorney and firm. Rather than simply paying the fees associate with the suit, […]
Law Firm Data Security: Challenges and Risk Management
Cybersecurity has emerged as an area of great importance for law firms. The potential exposure of sensitive data is a nightmare scenario for any law firm, no matter its size and scope of business. Unfortunately, it’s easy to overlook law firm data security amid attorney’s hectic schedules and deadlines. Hackers have learned over time that […]
3 troublesome risk management trends impacting LPL insurance
Everyone makes mistakes—including the most diligent legal professionals. But even if you’ve performed your duties properly, an unfounded malpractice claim from a disgruntled client could instantly derail your practice and ruin your reputation. That’s why legal professionals need lawyers professional liability (LPL) insurance to protect against claims of alleged negligence, malpractice, and errors and omissions. […]
COVID-19 Effects on Law
COVID-19 has changed litigation. The pandemic forced courtrooms to shut down and freeze ongoing cases. Virtual procedures took over, but digitally arguing a case presents new challenges. A recent GLG survey was sent to tens of thousands of litigators from practices of all sizes across the U.S. The survey found that most attorneys (74%) have […]
