1. Cyberattacks—As reported in our Blog, in 2017 22 Percent of the law firms reported a Cyber Attack. This is up from 14% in 2016.
2. Privity Laws–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.
3. Marijuana Laws–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.
4. Legal Ethics–Law firms should have ethics partners on staff to serve as independent and confidential investigators into ethical issues.
5. Picking the Right Clients–Communication is key to ensuring prospective clients are people you want to represent, who won’t pose unforeseen risks.
6. Trust & Estate–Current trends show lawyers practicing in the estate probate and trust areas are not only facing more claims, but they are also becoming expensive to defend.