Jay Reeves practiced law in North Carolina and South Carolina. He was Legal Editor at Lawyers Weekly and Risk Manager at Lawyers Mutual. He is the author of The Most Powerful Attorney in the World, a collection of short stories from a law life well-lived, which as the seasons pass becomes less about law and liability and more about loss, love, longing, laughter and life's lasting luminescence.
Does your law firm have a business auto insurance policy? It should, if there are vehicles registered under your law firm’s name. The policy could also cover your firm when you or your employees use a personal or rented vehicle for firm errands, deliveries and other business purposes. In fact, business … Read More
The biggest mistake lawyers in small firms make as they contemplate retirement is not hiring an expert to guide them along the way. Instead, they try to do it all themselves. Even worse, they put off planning until the last minute, when it may be too late for a smooth, successful transition. Those are some of… Read More
Before you advertise your inclusion in a “Best Lawyers” or “Super Lawyers” list, make sure you know what the State Bar has to say about the matter. In 2018 Formal Ethics Opinion 8, the State Bar ruled that “a lawyer may advertise the lawyer’s inclusion in a list or membershi… Read More
If you want to practice in a location where you might have the legal market all to yourself, consider moving to North Dakota or Wyoming, which have the lowest lawyer per capita rates in the country. But if you want to go where the demand for legal services is highest, consider New York City, Tallahassee, or Wa… Read More
Even though revenues in recent years have been robust, law firm leaders are expressing a surprising degree of pessimism about the future. Their confidence in the U.S. and global economy is waning, according to a recent survey. As is their confidence in the legal industry as a whole. But in what looks like a c… Read More
Lawyers who practice business and corporate litigation could be looking at significantly more work in the near future. That’s because 35 percent of corporate counsel at some of the country’s largest corporations are predicting an uptick in disputes in 2020, according to a recent survey. Just two ye… Read More
If you’re a fan of the show Jeopardy! – and in a profession that’s based on knowing the right answers, you probably should be – here’s great news. There’s now an online database of Jeopardy! questions and answers from all 36 years of the show. “Yes, someone took the t… Read More
As cyber threats continue to rise, Americans say they’re more worried about cybercrime than any other type of crime. People are twice as afraid of having their computer hacked than they are about having their car stolen or their house burglarized, according to a recent survey. And by a three-to-one margi… Read More
Do you know the number one reason partners leave their firms? It’s not money, or benefits packages, or perks. The top reason for leaving – cited by 44.2 percent of lateral partners – is lack of confidence in firm leadership, according to the 2020 Lateral Partner Satisfaction Survey. “I… Read More
If you want your law firm to stand out, start by making diversity and inclusion top priorities. They’re essential for recruiting and retaining top talent, attracting new clients and creating a stellar law team. “Diversity does not mean having a few ethnic or other minorities in the office,” … Read More
If you’ve already broken your New Year’s Resolutions, take heart: your failure might be the first step to even greater success. That concept can be hard to stomach in the legal profession, where mistakes can be costly. And yet, psychologists, sports coaches and leadership experts all agree that a t… Read More
While the total number of students in US law schools increased in 2019, the number of first-year students dropped slightly. J.D. enrollment at ABA-accredited law schools was 112,882 for the Fall 2019 term. That’s an increase of 1,321 students (1.2 percent) from 2018, according to this ABA overview. But … Read More
Is your Google My Business account robust and up-to-date? If not, you’re missing out on an excellent – and free – opportunity to boost your law firm’s online presence. “Google My Business is a tool that can help lawyers manage their online presence across Google search and maps,&… Read More
A story of how we say the most by listening. Read More
Advertising on Facebook and other social media platforms is going to get more expensive in 2020 and beyond. And if you want your social media advertising to stand out, be sure it tells a compelling, authentic story about your law practice. Those are two predictions from the website Social Media Examiner, whic… Read More
For lawyers handling real estate closings, it’s important to know that seller fraud continues to rise, especially with the upcoming holiday season when distractions are high, and fraudsters are active.
Lawyers Mutual has published previous alerts regarding the new filing requirements under the Corporate Transparency Act (“CTA”) that went into effect January 1, 2024. After reviewing additional resources, we want to emphasize concerns that we have about the risks and increased potential liability for lawyers undertaking the reporting requirements. This is especially true for the continuing reporting requirements after entity formation and initial reporting.