Attorney Briefs

A New Best Practice.

Mitigates an unknown risk in litigation. Supports existing best practices for attorneys. Enables your clients to feel more secure with their litigation exposure. Of all the reasons why you should discuss Contract Litigation Insurance with your clients, perhaps the most important one is that they expect you to.

A recent consumer study conducted by the independent research firm Insite Research found that 82% of those surveyed indicated that they expect their attorneys to advise them of insurance that can minimize their financial risk in litigation.

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Recent Attorneys’ Fees Awards

Contract lawsuits are never a simple matter, nor are their outcomes ever a given. Here is a list of some recent cases that would have greatly benefited from having Contract Litigation Insurance coverage.

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Strengthen Your Legal Practice.

Contract litigation represents a significant portion of cases filed across the United States. However, in many instances, even plaintiffs with meritorious claims and legitimate grievances refrain from filing suit. The uncertain nature of litigation, the costs associated with paying one’s own attorneys’ fees (which, in contract cases, will likely not be handled on a contingency basis), and the potential for paying an adversary’s fees if the contract contains a prevailing party provision all prove to be too risky a proposition. As a result, these potential plaintiffs have been shut out of the legal system without any hope of having their claims adjudicated.

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Important Changes To Retainer Agreement Language.

Diane Karpman, a leading ethics expert in California, described the retainer agreement as the last opportunity for attorneys to protect their future happiness, because the retainer agreement is generally regarded by the courts as an "arm's length transaction." A properly drafted retainer agreement may be a lawyer’s first line of defense when misunderstandings and, worse, outright disputes arise between lawyer and client.

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© 2010 Sonoma Risk Insurance Agency, LLC. Policy issued by a member company of Zurich in North America. This coverage is offered only in certain jurisdictions and can be purchased only on a surplus lines basis from a licensed surplus lines producer. The description here is a summary only. It does not include all terms, conditions and exclusions of the policies and coverages described.