Emerging Legal Technologies and Malpractice

New technologies have evolved the way in which legal practices serve client needs. Some features and functions of legal practice management software include: case management, time tracking, document assembly, contract management, calendaring and docketing, and time and billing.

Not only is the purpose of such software, as discussed above, to assist law firms with everyday practice needs, but many seek to reduce the possibilities of engaging in legal malpractice.

Essentially, it can be agreed that regardless of a lawyer’s competency to handle a legal matter, the possibility of a malpractice claims become increasingly more possible as the matter becomes more complex. Some of the major areas in which malpractice claims tend to follow, involve, but are not limited to, the following: deadlines, failure to settle, poor management of expectations/poor communication, lack of knowledge or preparation, and conflicts of interest.

According to one report on legal malpractice, depending on which malpractice carrier supplied the information, the highest figures reported 12 out of every 100 attorneys being targeted by malpractice suits.^[1] Figures from the same report, found the median figures being between $10,000 and $30,000 for total malpractice damages, in which a claimant was successful in recuperating. Furthermore, about 9.4 to 12 percent of malpractice damages exceeded $100,000.

  

1 This particular report stated, the “[Lawyers Mutual Insurance Company of Kentucky] and [Wisconsin Lawyers Mutual Insurance Company], report frequency of claims per 100 lawyers insured... WILMIC shows rates ranging from about 3.75 to 4.75 100 lawyers while for LMICK the corresponding rates range from 2.71 to 3.79 claims for 100 lawyers... The [Oregon State Bar Professional Liability Fund]... claim rate was about 12 per 100 insured.“ Reports for the Attorneys’ Liability Assurance Society are much lower because it reports claims per 1,000 lawyers and figures 6.5 and 8.5 per 1,000 lawyers since about 2000. Herbert M. Kritzer & Neil Vidmar, When the Lawyer Screws Up: A portrait of Legal Malpractice Claims and their Resolution (2015), available at 
http://scholarship.law.duke.edu/cgi/viewcontent.cgi?article=6182&context=faculty_scholarship 

THE RION CORP STANDARD:

RION Corp. has developed a cutting edge conflicts software application that is accessible in the Cloud. RION provides a secure, audit friendly, intuitive software program that is easy to use, highly accessible and customizable, and provides value through time and cost savings.

We promise that with our software, law firms are able to engage in the representation of clients knowing they are not violating the professional rules of responsibility.

MALPRACTICE VIOLATIONS BY TYPE

Type of Error	Percentage	U.S. Ranking
Legal Competency	11.3%	1
Planning Error	8.9%	2
Failure to Investigate	8.8%	3
Failure to File Documents	8.6%	4
Fail to Calendar	6.7%	5
Fail to know Deadlines	6.6%	6
Procrastination	5.9%	7
Fail to Obtain Consent	5.4%	8
Confilct of Interest	5.3%	9
Fraud	5.0%	10

* These are the top 10 violations reported by the American Bar Association. The complete chart listing all violations can be found at http://www.americanbar.org/publications/law_practice_home/law_practice_archive/lpm_magazine_webonly_webonly07101.html.

“Conflict of interest claims were down slightly to just 5 percent of all claims.  Computerized conflict checks, combined with standardized conflict resolution procedures, resulted in some improvements in this area.” 

* Randy Evans and Shari Klevens, How High Is Your Legal Malpractice Risk?, The Recorder, available at http://www.therecorder.com/id=12 02740408791/How-High-Is- Y our- Legal-Malpractice- Risk?mcode=0&curindex=0&curpage =2.

JOIN US TODAY!!!!!!

With our legal practice software we can lower the possibility of embarrassing, time-consuming, and potentially expensive risks associated with the failure to complete a comprehensive conflict check. With our highly efficient system we can lower the risk of an ethical violation for the failure to exhaustively complete a conflict check analysis. RION Corp. can offer affordable prices that will depend on the size of the firm. We also offer assistance in helping your firm successfully integrate our cutting edge software. 

Eric Fortineaux, Esq.
eric@rioncorp.com