Recovering from Mistakes

There exists in the legal profession an unrealistic expectation of perfection. I say unrealistic because I have not yet met a lawyer who has not made a mistake at some point in his or her career. The best lawyers make mistakes. If you practice long enough, you will make a mistake. This does not mean that you ar… Read More +

RM Alert-Common Errors in Estates and Trusts

Over the last few years, Lawyers Mutual has seen an increase in Estates and Trusts (E&T) claims.  In 2021, E&T claims were the third most common claims according to area of practice.  Only Plaintiff’s personal injury and residential real estate generated more claims by practice area.  Errors occur in both estate planning and estate administration. Two common E&T errors are:   Read More +

Understanding the LM Financial Fraud Exclusionary Endorsement in Your LM Professional Liability Insurance Policy

Wire Fraud losses continue to plague real estate transactions, resulting in millions of dollars of losses around the country. The most common scenario is the buyer receiving altered wiring instructions. The State Bar is now holding the closing attorney accountable for this loss even though the closing attorney … Read More +