Trusts and estates work in Big Law is back in a big way. Large law firms are recognizing the demand associated with baby boomers passing along their wealth to the next generation, and the COVID-19 pandemic has also been a boon for estate planning efforts.
But the practice can also come with a hefty insurance price tag, as brokers say underwriters are skittish about the high-value claims that mistakes can generate. As a result, for this work to succeed within big firms, lawyers must be active producers, rather than simply stepping in to help other revenue generators.
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