I am fortunate to receive many calls on many types of cases, some of which fall outside of my normal practice area. i decided I would seek out a lawyer to whom I could associate on a particular type of case – this lawyer enjoyed a good reputation on cases of this type. I called him and had a general discussion about the type of calls I was getting and inquired whether he was interested in receiving some referrals.
He said he was, and we had a discussion about how we could work together to assist future clients. I had a good feeling about the potential of working together.
Then, I asked him to confirm that he carried legal malpractice insurance. He said he did not, I told him I could not sleep at night if I did not have legal malpractice insurance for our firm. He said that if he got sued and put in a position of probable financial loss he would file bankruptcy and avoid the loss.