Dishonest Or Unworthy Clients: Pink Flags
Douglas R. Richmond, Managing Director of Aon in Kansas City, MO, writes on the liability risk of dishonest clients. A majority of the costliest publicly-reported settlements involving U.S. law firms are due to the representation of such clients. Mr. Richmond identifies “pink flags,” in contrast to “red flags,” as warning signs that potentially display prospective or existing client dishonesty or unworthiness. To aid in the identification of pink flags, he highlights several elements lawyers should pay special attention to when dealing with clients and evaluating their trustworthiness.