The hidden financial cost of a disconnected legal tech stack
Law firms have invested heavily in technology over the past decade. Document management has improved, specialist tools have emerged across the matter lifecycle, and firms have more data available to them than ever before. On paper, that sounds like progress. In practice, there is another question firms need to ask: how well does all of […]
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LPM INSIGHTS ROLL
Guidance note: acting on matters that exceed the law firm’s professional indemnity limit
One of the most common questions we receive is whether a firm can increase its PI limit to undertake a larger transaction. This note helps firms assess whether it is appropriate to accept or continue acting on a matter where the transaction, claim or asset value exceeds their current professional indemnity (PI) limit. The value […]
Managing data risks in practice
Documents and personal data are solicitors’ stock-in-trade. The proliferation of cloud-based case management tools, and lately AI-enhanced tools covering all aspects of legal practice makes managing this data effectively more complex, but even more important. How you manage your clients’ data is of increasing interest to clients and your regulators. In an environment where cyberattacks […]
