We explore and analyze current issues and relevant topics to help accountants, attorneys, architects and engineers, insurance agents and real estate brokers avoid a professional liability case.
Real estate agents and brokers often face difficult questions from their clients, who understandably ask important questions related to their property and sale contracts. Agents and brokers must be careful not to stray too close to the “unauthorized practice of law.”
As more lawyers choose to keep virtual practice in their professional routines, the ABA Standing Committee on Ethics and Professional Responsibility released Formal Opinion 498, which reminds attorneys to stay cognizant of their ethical responsibilities when practicing virtually.
Insurance Applications Matter – Montana Supreme Court holds one attorney’s failure to disclose potential malpractice claim precluded coverage for claim against entire law firm
This article discusses the Supreme Court of Montana’s opinion in ALPS Property & Casualty Insurance Company v. Keller, Reynolds, Drake, Johnson & Gillespie, P.C. (“ALPS Property”), in which the supreme court decided that Professional Liability insurance coverage was precluded for an entire law firm and three of its attorneys based on the failure of one attorney to disclose a potential legal malpractice claim on an insurance application. The court found no coverage based on the common law known loss doctrine and based on a prior knowledge provision in the claims-made professional liability policy.