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Umbrella Insurance for Stormy Times

  An umbrella policy is liability insurance that protects the owner above and beyond coverage offered by primary liability policies such as homeowners and automobile. An attorney with $300,000 in auto coverage and/or $500,000 in homeowner’s c…
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The Trouble With Retirement Is That You Never Get a Day Off

  “The trouble with retirement is that you never get a day off.” 
 – Abe Lemons While retirement may ultimately lead to bliss (or so we think), the process, transition and adjustment can be a tough road. The Holmes Rahe Stress Scal…
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Networking Tips for High Tech/Low Touch World

  In an atmosphere of “high tech/low touch”, strategic in person networking remains the most powerful way to create and deepen relationships. Here are a few tips to successful networking at an event or conference: Research the background o…
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Sneak Preview "Selling a Niche Law Practice"

Lawyers are steeped in the long tradition of simply “winding down” practices, essentially abandoning a valuable asset. Indeed, as pointed out by Michael Gerber in The E Myth Attorney: Why Most Legal Practices Don’t Work and What to Do About It…
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Should You Manage Your Own Investment Portfolio?

According to a 2012 Investopedia article1, the market share of online brokers increased by three percentage points while the market share of other retail brokerages lost four percentage points. This apparent uptick in the number of Do-It-Yourself inv…
Categories: Practice Tips

Clearing Up the Confusion on Credentials (The Truth About Financial Advisors)

The website of the Financial Industry Regulatory Authority (FINRA) website lists close to 100 different designations that may be held by financial advisors and the Wall Street Journal has identified an additional 115. The credentials are not issued…
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ARE NONREFUNDABLE RETAINER AGREEMENTS ETHICAL IN YOUR STATE?

In New Jersey, nonrefundable retainer agreements may be ethical in some circumstances according to N.J. Advisory Comm. Op. 644 (Oct. 4, 1990). The opinion states: that “…a retainer may be fully earned, and therefore nonrefundable, when…
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Must ALL Attorney Retainer Agreements be Reduced to Writing?

While attorneys are not always required to enter into written retainer agreements, best practices dictate reducing the terms of ALL agreements with clients to written form. While Model Rule of Professional Conduct (MRPC) 1.5(b) states that a lawyer s…
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May lawyers accept sex in exchange for legal services?

  Common sense alone would dictate that having sex with a client is wrong and would not be viewed favorably by ethics authorities. Rule 1.8(j) of the ABA Model Rules of Professional Conduct (MRPC)* mandates: “A lawyer shall not have sexual re…
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Have you developed a "Mistake" process in your organization?

The Mistake Process “Mistakes are a part of being human. Appreciate your mistakes for what they are: precious life lessons that can only be learned the hard way. Unless it’s a fatal mistake, which, at least, others can learn from.” –…
Categories: Practice Tips