When risk managers audit a law practice for the risk of legal malpractice, they look first at the files to see if every file contains an executed engagement/retainer letter or fee contract. This one document is one of the most reliable indicators of whether a law practice has in place systems that can effectively reduce the risks of malpractice claims in a modern-day law practice.
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Law Firm Management
Protect Yourself From the Start With Engagement Letters
The Legal Intelligencer
June 8, 2012
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