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Law Practice

Dec. 6, 2014

Pitfalls of purchasing insurance for law firm leaders

Insurance intended to defend directors and officers can bring peace of mind to law firm leaders, but the policies are complicated and highly negotiable, meaning they have to be crafted to ensure they perform the way firms intend.


By Joshua Sebold


Daily Journal Staff Writer


Recent developments in criminal cases related to the Dewey & LeBoeuf LLP bankruptcy have served as a reminder to law firm leaders about the importance of carefully negotiating directors and officers insurance policies for their firms.


Insurance intended to defend directors and officers from litigation or government investigations can bring peace of mind to law firm leaders, but the complexity and...

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