CONFERENCE REPORT: Mistakes Were Made. They Won’t Be the Last

Even excellent lawyers at top-flight firms make mistakes, panelist Douglas R. Richmond, a senior vice president with Lockton Companies, told an audience at “Anticipating the Unthinkable: Understanding How Mistakes Happen and Managing the Risks,” a program held March 6 in Chicago at Hinshaw & Culbertson LLP’s 23d Annual Legal Malpractice and Risk Management Conference.

Citing a recent claims review by Aon Risk Solutions, Richmond said mistakes now result in more than half of all law firm losses. Panelist Anthony Davis, a partner with Fisher Broyles UK LLP, noted that time pressure, substance abuse, and distractions often play a huge part ...