Time are changing, and so are the ways in which law firms manage their businesses. Most firms now employ a more corporate, business-like approach to management. When a management or executive committee (or, sometimes, an individual) assumes ultimate responsibility for the firm’s business operations, these decision-makers are exposed to many of the same liabilities faced by directors and officers of public corporations.

Protecting Law Firms Against Management Liability Threats: A Lawyer’s Guide to Choosing Director’s & Officer’s Liability: Employment Practices Liability, and Fiduciary Liability Insurances provides an overview of Management Liability Insurance for law firms. It also serves as a guide for making an informed decision on purchasing the three insurance policies that provide a sphere of executive protection for the management of the firm: 1) Director’s and Officer’s Liability (D&O) Insurance; 2) Employment Practices Liability (EPL) Insurance; and 3) Fiduciary Liability (FL) Insurance.