AbacusLaw Customers Save Money On Malpractice Premiums

Do you want to save money every year on your insurance premium? Order AbacusLaw today and start saving.

Missed deadlines = Malpractice Claims

Did you know that most insurance carriers want you to use computerized docket control systems?  Those attorneys who do can get discounted premiums on their malpractice insurance policy, saving money every year!

Malpractice threatens all lawyers - you don't want to be caught without malpractice insurance! But don't pay more than necessary! AbacusLaw is the complete practice management software that offers the easy way to simplify, organize and control your practice.

"Carriers seek to insure firms that present a low risk of malpractice claims...
Insurers look for effective calendaring and docket control systems."
   - Mark Bassingthwaighte (ABA Journal)

Vicki Davidson of ALPS wrote, "In past studies done by the ABA, nearly 20% of malpractice claims involve missed deadlines or administrative errors.  Implementation of a docket control and calendaring system may not prevent a legal malpractice claim from happening. However, effective risk management and loss prevention procedures can reduce the likelihood of a claim arising as well as improve the practice's proficiency and legal services provided to your clients " 

The ALPS recommends AbacusLaw as a software system designed to specifically meet the needs of law firms.  "AbacusLaw Gold is the ultimate front office and back office practice management system.  Integrated time and billing, trust accounting, accounts receivable, accounts payable, and payroll are all included, with direct support from Abacus "

Here are just some of the major carriers who offer malpractice premium reductions for AbacusLaw users:

To learn more about insurance carriers in your state, visit the ABA's comprehensive guide of insurance carriers.

Many articles have been published about the benefits of deadline control, time control and docket control software programs.  AbacusLaw offers all of these benefits, plus much more.   Below are just a few examples of how AbacusLaw can help you better control your practice and save on malpractice premiums!

Don't Get Caught In the Malpractice Zone!
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. If you're working at the edge of control, then 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.  [Read more]

Here's How to stop overworking and increase profits, guaranteed!
Using Abacus law software pays big dividends all year long.  Now get immediate savings on your malpractice premiums! Most malpractice insurance carriers surcharge premiums 5% to 25% if you don't use an automated calendaring system like AbacusLaw.  This means you save money immediately.. And using AbacusLaw helps you avoid the potential of paying big deductibles or sanctions. [Read more]

Docket Science By Susan E. Davis, California Lawyer
At least 50 percent of all malpractice claims lodged against lawyers arise from calendaring mistakes, according to Polk Communications and Research. In a 1991 survey the company found that about two-thirds of the surveyed insurance companies offered premium reductions for firms with automatic calendaring programs. The reductions ranged from about 2 percent to 10 percent. Three companies said they wouldn't insure a law firm without docketing software.

The Risks and Rewards of Calendaring for Small Firms By Joseph C. Scott, Valley Lawyer
For most attorneys and staff, tracking down court dates, properly entering them into the firm calendar and regularly checking those dates is a lengthy and tedious process...As lawyers know all too well, the ramifications of missing a court date can be devastating to the client's case.  And anything that negatively impacts the client can also cause significant issues for the attorney and the firm involved in the case.  In the worst case scenario, a judge could toss out a case, which can promptly lead the client to file a malpractice lawsuit.  In the "best-case" scenario, a missed deadline is embarrassing to lawyers and reflects badly on their clients.  In one case, a San Francisco law firm missed a court deadline by a full month because of an error in calculating a deadline; a calendaring clerk thought the firm had 60 days to file an appeal, when the deadline was actually 30 days.

Law Firm Malpractice Premiums on the Rise By Anthony Lin, New York Law Journal
Insurers' incentives changed when the stock market began to dip in 2000, said Davis, and have moved even further in the direction of higher premiums since the Sept. 11 terrorist attacks, as the related payouts and concern about future catastrophes have put greater pressure on the pool of insurance funds.   --- AbacusLaw can help you lower your premium in tough economic times!

Minimize Risk with Better Calendar Management
Malpractice claims are filed for a variety of reasons, but the leading cause is missed court deadlines. Missing a deadline is, as the Ninth Circuit called it in one ruling, a 'lawyer's nightmare.' ... Despite the danger of missing or miscalculating a court deadline, it happens. In fact, what may be surprising is that it does not happen more often. Many law firms rely on paper calendars ... Others lack a centralized court calendaring system and allow each attorney to use his or her own methods. All of these leave law firms vulnerable to missing court dates. Without an automated, ... centralized system, court calendaring can be tedious, time-consuming, and painfully prone to errors.

Call us today at 800-726-3339 to get started saving on your malpractice insurance premiums. You'll be glad you did.