Management Liability Update

Archive for the ‘Law Firm’ Category

Small Professional Service Firms Put Implementation of FTC Red Flags Regs on Hold

Icon May 24, 2010 – 6:53 am

According to a recent article in Lawyers USA, small and middle market business owners are so jaded by the number of times the FTC has delayed enforcement of its Red Flags Regulations, they have pushed compliance to the back burner.  Tanya Forsheit, of InformationLawGroup, is quoted in the article as saying, “I suspect a lot of [...]



Law Firms Need to be Diligent on Delinquent Accounts

Icon May 18, 2010 – 8:01 am

Times remain tough for law firms.  The legal sector lost another 1,100 positions in April  – making it the second month in a row of four-digit losses.  Since April 2009, the legal sector has lost a total of roughly 28,000 jobs.   It is no surprise some firms are choosing to sue clients for non-payment rather than work [...]



Law Firms Feel the Data Breach Heat and Start Buying Insurance

Icon May 13, 2010 – 7:53 am

Here are just a few of the many network security and privacy (NSAP) headline incidents that have hit law firms over the years: “Employee at a Palo Alto law firm steals 90 laptops and 120 desktop computers and sells them” “Eighteen laptops stolen from the Orlando office of a major law firm” “Paralegal at a New York [...]



The $60 Email

Icon May 3, 2010 – 8:14 am

By now most have heard of the lady who fumed when a courtesy eight word e-mail response (“I hope everything is O.K.  Take your time.”) was billed by her attorney at $60 (.2 hours x $300 hourly rate).   Her experience left her asking one question:  “How does anyone treat people like this and still manage to stay in business?”  [...]



Mayer Brown Lays Off 28 Attorneys Because No One is Leaving

Icon April 9, 2010 – 8:20 am

Despite what he saw as ”encouraging signs for 2010″, the Mayer Brown chairman, Herbert Krueger, wrote in an April 8, 2010 e-mail to all U.S. personnel that the firm would lay off 75 workers, including 28 associates and counsel.   Mr. Krueger wrote in his email, “[a]lthough most of our practices are performing well, overall demand for legal services has not [...]



CLT: Law Firms Resort to Suing Their Clients to Collect Fees

Icon April 9, 2010 – 7:08 am

According to an article in the Connecticut Law Tribune, during the past several years there has been an uptick in the instances of law firms suing to recover their fees.  O’Connell, Flaherty & Attmore based in Hartford, Connecticcut, has been suing clients since 2008, and the firm “has 29 pending cases seeking about $523,000 in unpaid [...]



NJ Supreme Court Sides with Employee on Email Privacy Case

Icon April 5, 2010 – 8:12 am

On March 30, 2010, the New Jersey Supreme Court issued its opinion in Stengart v. LovingCare Agency, Inc., 2010 WL 1189458 (N.J. March 30, 2010).  This hotly anticipated ruling was a clear win for employee privacy rights.  It was also clearly the right decision given the facts.   In its decision, the Court affirmed the Appellate Court’s ruling that an [...]



BI: Buyers Scrutinize Insurers Beyond Ratings

Icon March 22, 2010 – 6:05 am

In an article written by Stuart Collins in the latest issue of Business Insurance, the point is made that awareness of an insurer’s financial strength has risen among company executives, so buyers are “building relationships directly with insurers and tapping internal resources to increase their own scrutiny of insurers.”  The article talks further to the point by describing what [...]



CFO: Is Your Broker Mediocre?

Icon March 18, 2010 – 6:45 am

In the March 2010 issue of CFO Magazine, there is an article that should serve as a wake-up call to those companies who think there is only upside to the current insurance soft market.  The author of the article puts things in proper perspective when he says: The soft market makes it tempting to just [...]



Law Firm Management of Network Security – Proactive or Reactive?

Icon March 11, 2010 – 2:20 pm

Several recent articles – one in the March 2010 issue of the ABA Journal and another in the March 9, 2010 issue of The National Law Journal – offer a study in contrast regarding how law firms are dealing with data security exposures.  The ABA Journal takes the position that law firms are proactive in managing [...]