By Luz A. Carrion, Esq. and Terence J. Welsh, CPCU, AIS Although attorneys in Massachusetts are not required to maintain professional liability Insurance (or malpractice insurance)1, they are required to certify to the Board of Bar Overseers (BBO) whether they are covered by malpractice insurance. See S.J.C. Rule 4:02, § (2A)(a). As discussed below,…
By Chiara LaPlume, Esq. and Terence J. Welsh, CPU, AIS When purchasing professional liability (malpractice) insurance, you should consider several details: Liability limits, i.e., how much the insurance company will pay and what a firm is required to have by clients or vendors (e.g. banks, lending organizations, CPCS, etc.). …
By Chiara LaPLume, Esq. and Terence J. Welsh, CPU, AIS A 2023 study by Hiscox, suggests that 75% of small business in the United States are under-insured, and that, following a loss, 20% of small business will fail within the first…
If you're a lawyer in Massachusetts who needs an IOLTA, follow these six steps. CLICK HERE TO FIND OUT IF YOU NEED AN IOLTA IN MASSACHUSETTS CLICK HERE TO DOWNLOAD THE INFOGRAPHIC STEP 1: NEED Determine whether you…
By Chiara LaPlume, Esq. Although Mass. R. Prof. C. 1.15 requires a three-way reconciliation of an IOLTA every 60 days, you should balance your statements promptly every month. It is considered best practice to reconcile your IOLTA “upon receipt” of the bank statements,…
Anger is a human response-but in law practice, unregulated anger can quietly undermine judgment, client relationships, and professional standing. Join Psychologist Dr. Shawn Healy and Attorney Luz Carrion in this fireside chat as they discuss: How anger affects decision-making and…
Watch now to find out how to improve your client selection practices from Luz Carrion, Esq. with this installment of Webinars for Busy Lawyers. In this installment of Webinars for Busy Lawyers, we explore challenging clients—complex individuals balancing financial stress,…
(C) 2025 American Bar Association. This article was originally published by the American Bar Association on March 1, 2025. Summary: GenAI is changing the way law firms work, making things more efficient. Some early adopter lawyers are using it creatively…
Join us for Part 3 of our AI Series: A Look at Artificial Intelligence’s Legal Revolution. Monday, September 30th 12pm – 1pm | Online Embrace the AI world responsibly and ethically as we set sail on a journey through the…
Succession planning is not just part of retirement planning. Although uncomfortable to think about, succession planning is essential for unexpected events like sudden illness, incapacity or death. If the pandemic taught us anything, it was that it is never too…