Will Texas Lawyers Be Required To Disclose Whether They Carry Professional Liability Insurance?

Are you aware of the possible impact that could result if you are required to disclose to clients whether you carry professional liability insurance?

Judging by the low attendance at the State Bar of Texas public hearings on the topic, most attorneys are unaware or indifferent: Dallas (50+), El Paso (6), Houston (35), Harlingen (4), Lubbock (9), and San Antonio (60).

The State Bar Board will use this input to assist it in making a recommendation to the Supreme Court. (The Board will vote on this issue at its Jan. 29, 2010, meeting.)

Read Bruce A. Campbell's article "It's Time to Speak Up: Don't Miss Out on Debate Over Professional Liability Insurance" in Texas Lawyer.

Collectability, Deductibility, and Recoverability

In Akin, Gump, Strauss, Hauer & Feld, L.L.P. v. National Development and Research Corp., et al., the Texas Supreme Court faces three issues that, if decided, could substantially affect how courts handle legal malpractice cases in Texas: collectability of underlying judgments, deduction of contingent fees from damages and recoverability of attorneys’ fees that were paid in the underlying suit.

The first issue the court could resolve concerns collectability...

Read more of Collectability, Deductibility, and Recoverability.