How Much Should You Pay for AI Tools?; Insurance Best Practices; and “Historic Mistakes”

The Legal Toolkit

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8M ago 35:21

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As lawyers, you constantly assess the risks of your clients, whether in their business practices, court cases, personal relationships, or a multitude of other things. So, managing risk for your clients is what you do, but when was the last time you took a hard look at your own liabilities? Jared welcomes Mark Bassingthwaighte of ALPS Insurance to chat about common risks in modern legal practice. Mark’s approachable take on insurance could help just about anybody understand what they need for their law firm, and he and Jared also talk through current ethics considerations around AI and cybersecurity.

Then, in the Rump Roast, Jared tests Mark’s expertise on authentic blunders in a game called “Historic Mistakes.” Did the Titanic sink because of a sleepy watchman? Was Archduke Franz Ferdinand’s assassination the result of a forgotten fancy hat? Listen in to find out.

And, lastly, everybody’s rolling out their AI tools/extras/whatever, and pricing for these things is truly all over the place. Jared ponders this issue—as a lawyer, you need to be able to keep up with the other guy, but how much should all this cost you?

Mark Bassingthwaighte has been a Risk Manager with ALPS, the nation’s largest direct writer of lawyers’ malpractice insurance, since 1998.

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Since we talked about mistakes - those lawyers make + historical ones, have a listen to our playlist featuring songs about fucking up.

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Our opening track is Two Cigarettes by Major Label Interest.

Our closing track is Night Whispers by Dr. Delight.

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