The latest LM news

Put Into Practice February 2024

ARTICLES

The Chicken Fax

We all have moments in our practice that we would rather forget. What follows is mine. I was an eager young associate who wanted to impress my client and the partners in the firm. We were handling a tax case that had something to do with inventory tax and the valuation of baby chicks. I had researched the IRS Tax Code, regulations, tax treaties, and IRS rulings and was confident that the IRS agent’s position was untenable. I wanted to display my legal prowess to my client, so I prepared a letter to the client explaining our superior position and the IRS agent’s incompetence.

Legal Aid of NC Innovation Lab

When Scheree Gilchrist was hired as chief innovation officer for the new Legal Aid of North Carolina Innovation Lab in 2023, she was given a mission. “The goal is to engage in transformative innovation that improves the delivery of legal services, expands access to justice, and addresses inequity in the delivery of legal services in rural areas,” explained Gilchrist.

Lawyers Mutual NC Declares Dividend

For the thirteenth consecutive year, Lawyers Mutual’s Board of Directors has declared a policyholder dividend. This year’s dividend – approximately 8.1% of the final premium on your 2023 policy – will be paid in 2024 at policy expiration. Including this approximate $1.5 million dividend, which represents a 50% increase over the dividend declared in 2022, by the end of 2024, Lawyers Mutual will have returned $13.7 million to policyholders since 2011.

LAW PRACTICE MANAGEMENT

Managing Velcro and Teflon

When your firm gets to a certain size there is a moment where your job goes from getting stuff done to getting stuff done through other people. Depending on your personality and skill set, this is either pretty good or pretty bad news.

From Startup to Wind Down: FREE Practice Management Services for Insureds

Connect with Erik Mazzone and Camille Stell

Lawyers Mutual is more than a policy. No matter where you are in your law practice journey, our practice advisors are here to help you. From starting your own law firm to managing your practice to planning for retirement, Lawyers Mutual has you covered. LML insureds can work one-on-one with Camille Stell and Erik Mazzone by phone, video or email. As an added benefit of Lawyers Mutual coverage, insureds may have three consultations each with Camille and Erik annually at no cost. Now, that’s LM Value!

More details and to schedule an appointment

NORTH CAROLINA NEWS

Corporate Transparency Act Updates

Stay informed with resources and alerts relating to the Corporate Transparency Act (CTA) on the Lawyers Mutual website.

eCourts Expansion Announced for 2024

Track 4 eCourts will launch on April 29 in 10 counties (Alamance, Chatham, Durham, Franklin, Granville, Guilford, Orange, Person, Vance and Warren.) County groupings have also been provided for Track 5, which will go live this summer, and Track 6, which will go live in the fall.

To learn more about the Odyssey Rollout Plan and view the Odyssey Rollout Map, click here.