The General Counsel Quoted

In an article published in its May 27, 2008 edition, the Los Angeles Daily Journal discussed various ways law firms and clients are working to cut fees, an especially relevant topic during this economic downturn. The General Counsel was prominently mentioned and details of its unique business model were described. Anyone looking for high quality legal services at reasonable rates should review this piece.

Freedom Isn’t Free

My wife and I attended a Memorial Day ceremony this morning. The local Veterans of Foreign Wars chapter conducted the program. The keynote speakers were a Marine Lt. Colonel from Camp Pendleton and a 92 year old man who commanded a landing craft during the invasion of Iwo Jima. Following the ceremony, we were privileged to speak with one of the legendary Tuskegee Airmen (the highly decorated Army Air Force unit comprised of African American servicemen).

Such moments remind us of the cost of the freedom that we enjoy. I give thanks for everyone whose sacrifice has made it possible for me to be typing this message.

50 Tips on Business Litigation Coverage That Every Risk Manager Wants to Know

As I mentioned in my previous post, I served on a panel at at the Risk and Insurance Management Society’s 2008 Annual Conference on 4/30/08. The program was titled: “50 Tips on Business Litigation Coverage That Every Risk Manager Wants to Know.” Steven Brower, the leader of the panel, has kindly granted permission for me to use several of his tips in upcoming blog posts.

Steve is the best technology litigator I have ever known. You might ask: “What has that to do with business litigation coverage?” Well, it so happens that Steve is also an expert on insurance coverage issues. He issued coverage opinions and handled litigation for insurance companies from 1982 to 1998, and he has provided such expertise to individuals and businesses since 1992.

Please visit Steve’s website at http://www.sbrower.com

Tip #1 from Steve: Insurance Policies Are Negotiable.

Steve notes that: “Insurance policies are virtually always subject to modification (often without charge) upon negotiation. It is important to consider not only the price of coverage, but the terms.”

Experienced counsel, working with a savvy insurance broker, can get excellent coverage that is tailored to your company’s needs. Don’t just pick up the phone and ask a broker to get $5M of D&O coverage. Use the right professionals to get the best protection available.

Watch this space for more tips!