Whether it’s the threat of cyberattacks that show no signs of slowing down or evolving changes in marijuana laws, law firms big and small face a number of potential liability risks.
In 2017, 22 percent of law firms reported they had ever experienced a cyberattack or data breach – up from 14 percent in 2016.
Current case law shows a trend away from strictly adhering to privity laws, making it unclear how far an attorney’s liability for negligence could extend.
Although marijuana is still illegal at the federal level, lawyers are being allowed to advise clients on this subject in a growing number of states where it’s legal.
Law firms should have ethics partners on staff to serve as independent and confidential investigators into ethical issues.
Communication is key to ensuring prospective clients are people you want to represent, who won’t pose unforeseen risks.
Current trends show lawyers practicing in the estate probate and trust area are not only facing more claims, but they are also becoming expensive to defend.