Looking to Save Money? Start With Your Malpractice Premiums

In the Himalayas it’s called the Death Zone – a point past which the air is too thin to sustain living tissue. Stay up there too long and your body begins to die. In law practice there’s a similar kind of danger – the Malpractice Zone. The ABA has done many studies and found that almost 20% of malpractice claims involved missed deadlines or administrative errors. If you’re working at the edge of control, sooner or later you’ll make a mistake – forget a phone call, miss a deadline, lose a document. Experienced climbers use expert gear to keep them out of the danger zone. Experienced attorneys do too, practice management software.

Most insurance carriers want you to use computerized docket control systems in order to cut the risk of malpractice. In the article “Docket Science,” the author states: “About two-thirds of surveyed insurance companies offered premium reductions for firms with automatic calendaring programs. The reductions ranged from about 2 percent to 10 percent.”

Most law offices intend to implement a centralized calendar, but don’t follow through. A computerized calendar system allows you to synchronize all calendars in the office, and input your desired reminder intervals – then get to work. Your daily calendar will generate reminders for events, deadlines and even your afternoon meeting. Watch your productivity increase.