April 10, 2007 | New York Law Journal
Professional LiabilityNorman B. Arnoff, a practitioner in New York City, and Sue C. Jacobs, a member of Goodman & Jacobs, warn attorneys to complete their applications for malpractice insurance carefully. If an applicant does not disclose or misrepresents a fact that ripens into a claim or lawsuit during the policy term, the carrier may claim the law firm made a false representation to induce the carrier to issue the precise policy. The carrier may also attempt to rescind the policy, leaving a significant claim uncovered.
By Norman B. Arnoff and Sue C. Jacobs
7 minute read
April 11, 2006 | New York Law Journal
Professional LiabilityNorman B. Arnoff, a New York City-based practitioner, and Sue C. Jacobs, a member of Goodman & Jacobs, write that although attorneys purchase several insurance policies, the most important one, or the one that is dearest to many of us, is our professional liability policy, commonly referred to as the malpractice policy.
By Norman B. Arnoff and Sue C. Jacobs
9 minute read
March 02, 2007 | New York Law Journal
Professional LiabilityNorman B. Arnoff, a practitioner in New York City, and Sue C. Jacobs, a member of Goodman & Jacobs, write that terms and risks embedded in contracts and not easily discernable by the client are more often than not the predicate for legal malpractice if the lawyer does not explain their significance and document his or her advice.
By Norman B. Arnoff and Sue C. Jacobs
16 minute read
October 11, 2005 | New York Law Journal
Professional LiabilityNorman B. Arnoff, who practices in New York City, and Sue C. Jacobs, a member of Goodman & Jacobs, discuss whether malpractice policies will cover KPMG's and Sidley's share of the $195 million settlement announced recently in one of the invalid tax shelter class-action suits, and if so, how much will be covered.
By Norman B. Arnoff and Sue C. Jacobs
6 minute read
December 12, 2006 | New York Law Journal
Professional LiabilityNorman B. Arnoff, a practitioner in New York City, and Sue C. Jacobs, a member of Goodman & Jacobs, write that Enron scandal continues to provide interesting decisions and full employment for attorneys and, in many cases, their Errors & Omissions insurers.
By Norman B. Arnoff and Sue C. Jacobs
6 minute read
August 26, 2009 | New York Law Journal
Professional LiabilityNorman B. Arnoff, a practitioner in New York City, and Sue C. Jacobs, a member of Goodman & Jacobs, write: Keeping in mind the aspirational norms to conduct one's practice ethically and in a highly competent manner and steadfastly pursuing such standards and goals is simply not enough to protect one's fees. Every lawyer and his firm's practices should include billing practices entailing informed consent by the client in writing for the strategies pursued; detailed and descriptive billing; written and recurring notice to the client that questions and objections to bills or charges need to be raised promptly or waived; and the appropriate assertion of the lawyer's retaining and charging liens when attorney's fee and collection issues surface.
By Norman B. Arnoff and Sue C. Jacobs
15 minute read
April 27, 2009 | New York Law Journal
Professional LiabilityNorman B. Arnoff, who practices law in New York City, and Sue C. Jacobs, a member of Goodman & Jacobs, offer not a definitive comparison of the New Code and its predecessor, but an illustration that the comparative approach will facilitate transition and pragmatic insights that can be employed by the Bar to improve even the New Code.
By Norman B. Arnoff and Sue C. Jacobs
16 minute read
December 27, 2005 | New York Law Journal
Professional LiabilityNorman B. Arnoff, who practices law in New York City, and Sue C. Jacobs, a member of Goodman & Jacobs, offer a current review of legal and accountant's malpractice. They write that such an exercise not only refreshes understanding of fundamental principles for analysis but informs on various nuances in professional malpractice.
By Norman B. Arnoff and Sue C. Jacobs
19 minute read
October 21, 2009 | New York Law Journal
Professional LiabilityNorman B. Arnoff, a practitioner in New York City, and Sue C. Jacobs, a member of Goodman & Jacobs, discuss the circumstances under which an attorney will be liable to a vendor of services engaged for the benefit of the client. Although liability will not be imputed to the attorney in most situations and in most jurisdictions where the attorney did not expressly assume financial responsibility, the best practice is to expressly disclaim in writing any financial responsibility for the third-party vendor's invoice and to keep doing so.
By Norman B. Arnoff and Sue C. Jacobs
16 minute read
February 14, 2006 | New York Law Journal
Professional LiabilityNorman B. Arnoff. a practitioner in New York City, and Sue C. Jacobs, a member of Goodman & Jacobs, write that if accountants wish to narrow the scope of their liability to third parties, they should do so in writing at the outset of the litigation. Accountants in their engagements should formalize their inquiries to clients in writing and insist on responses in writing and use to the greatest extent possible client representation letters.
By Norman B. Arnoff and Sue C.Jacobs
20 minute read