OAMIC Resources

6 Areas of Practice with the Most Frequent Malpractice Lawsuits

6 Areas of Practice With the Most Frequent Malpractice Lawsuits Legal malpractice lawsuits can be costly for any law firm, but the potential cost of malpractice claims can vary significantly based upon the areas of law concerned. Some areas have a high frequency of lawsuits filed, while others have more severe costs of defense and […]

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What Is a Step Rate and How It Affects the Cost of Legal Malpractice

What Is a Step Rate and How It Affects the Cost of Legal Malpractice Legal malpractice is priced using what’s called a step rating methodology. But what exactly does that mean? Watch this video to learn more, or continue reading below. Envision your career as a step ladder. When you’re a young lawyer, you’re on the first rung of the […]

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What Is Email Wire Transfer Fraud and How To Prevent It

What Is Email Wire Transfer Fraud and How To Prevent It Scamming people for money is not a new concept but it has gotten much more sophisticated as technology continues to advance. Email wire transfer fraud is one of the most common types of fraud. In 2018 alone, the FBI received more than 20,000 email […]

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10 Questions to Ask When Looking for Legal Malpractice Insurance

10 Questions to Ask When Looking for Legal Malpractice Insurance Too often the purchase of insurance – sometimes even legal malpractice insurance – is treated like commodity shopping, weighted heavily on price. Many policyholders only read and research their coverage when faced with a claim, only to find they are unsure how their policy will […]

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3 Areas of Practice with High-Cost Malpractice Suits

3 Areas of Practice with High-Cost Malpractice Suits Legal malpractice lawsuits are both time consuming and costly for all law firms, but the average costs of malpractice suits can and often do vary based upon the area of law. While some areas of practice experience a high frequency of malpractice lawsuits, others have experienced much […]

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