Put Into Practice
February 2023
ARTICLES
How to Be a Silver Platter Lawyer
Do you deliver client service on a silver platter or in a crumpled paper bag? The answer could determine whether your law practice is soaring or stagnant. As an illustration, consider the following Tale of Two Glasses.
 
When Does a Demand Letter Cross the Line?
After obtaining a $20.7 million class-action verdict from Kimberly-Clark[i] and making over a hundred appearances on various television talk shows[ii], attorney Michael Avenatti’s once-rising star plummeted. While facing allegations of domestic violence and charges for tax evasion, wire fraud, and identity theft, Avenatti decided to leverage “the power of his platform” to extort Nike by demanding money in exchange for silence on the company’s allegedly illegal practices.[iii] This scheme eventually landed Avenatti in jail for 30 months. 

Tech Tips for eFiling in North Carolina
The pilot for the eCourts launch in North Carolina went live on February 13 in Wake, Lee, Harnett, and Johnston counties. There are several components of the eCourts system. Tyler Technologys’ Odyssey is the integrated suite of products for attorneys, court personnel and the public that will replace 40+ legacy systems for eFiling, financial management, and document management for all case types.

LAW PRACTICE MANAGEMENT
Preparing for an Economic Downturn Part 3: Identify Unprofitable Clients and Services
There was a time when I was a little bit obsessed with productivity books. (That time was known as my entire adult life up to and including today.) I don’t know why, but I love them. All evidence to the contrary, I always feel like I am one good self-help book away from really firing on all cylinders. In actuality, I have a shelf full of books that I never look at and as for firing on all cylinders… I could charitably be described as cruising in eco mode.

Connect with Erik
LML insureds can work one-on-one with Erik by phone, video or email. As an added benefit of Lawyers Mutual coverage, insureds may have three consultations with Erik annually at no cost, which provides a substantial value to our insureds. Schedule an appointment with Erik today!

LM SPOTLIGHT
LML Put into Practice Winter CLE Series
Risk Management Tips for Your Law Firm
Thur., Feb. 23, 2023 - Fayetteville. Register here.

VIRTUAL: Just in time to beat the grace period deadline!
Tues., Feb. 28, 2023 - VIRTUAL (Zoom). Register here.
 
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Weathering the Storm: Managing Your Firm Through an Economic Downturn
Join us for a Panel Discussion hosted by the NCBA Small Firm & Technology Section and Lawyers Mutual! The last few years have been a turbulent time to practice law and run a law firm and 2023 is shaping up to offer more of the same. As firms across the state and the country prepare to operate in an economic downturn, if not an outright recession, now is the time for prudent managing partners and firm owners to prepare their practices for a challenging economic environment.
 
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LM Title Upcoming CLE
Tues.,Feb 21, 2023 - Noon - 2023 Updates for Cyber-Securing Your Real Estate Practice. Register here.

Tues., March 7, 2023 - 8:30 am - Parapalooza 2023. Register here.

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Avoiding Malpractice Traps
Litigation errors breed the largest number of malpractice claims reported to Lawyers Mutual each year. In recent years, errors arising out of litigation were some of the most numerous of all reported claims. In the vast majority of cases, the statute of limitation on the client’s case expired and there was nothing left to do but assess the damages.

Newly Released! Respect - An Insight to Attorney Compensation Plans, by Brenda Barnes and Camille Stell
This guide to attorney compensation includes:
  • Compensation formulas
  • Managing Partner compensation
  • Compensation carve-outs such as paying non-equity partners
  • Compensation system biases
  • Trends in compensation

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