The economic impact of the COVID-19 pandemic has led many US law firms to reevaluate their finances. In order to survive the crisis, some firms cut employee salaries and benefits, while others furloughed and even laid off staff. If you want to avoid doing these, here are five other cost-saving measures that you can consider:
Reduce your office space-related expenses
Many law firms opt for a high-end office to project professionalism and gain existing and potential clients' trust.
The medical profession is one of the noblest of all, as doctors need to study their entire lives to keep up with the latest medical advancements and constantly provide high-quality patient care. However, there may be cases when they may have been negligent, leading to their patients getting hurt or suffering an injury.
Since 2016, the finance and insurance industry has consistently ranked first in the top 10 industries that are attacked the most by cybercriminals. The number of cyberattacks in the insurance sector, specifically, has grown exponentially. Even the sector’s giants fell victim to cyberattacks in 2020 and 2021:
Cybersecurity insurance provider Chubb was hit by the Maze ransomware group.
After suffering injuries from a car accident, your client may be counting on their auto insurance policy to pay off their medical bills and other expenses. Unfortunately, their insurance claim may be wrongly denied due to weak documentation.
You should advise your client to seek medical attention immediately after the accident, tell their doctors every detail related to their injuries, follow their doctor’s instructions, and participate in all medical treatments.
If your client suffered a work-related injury or illness, they may be entitled to workers’ compensation benefits that may cover the following:
Medical expenses
Ongoing care costs
Lost wages
Vocational rehabilitation costs
Funeral expenses
Unfortunately, workers’ compensation claims — even legitimate ones — can be unjustly denied by insurers.
We Americans are known the world over for our work ethic. In 2013, 8.3% of workers worked multiple jobs to make ends meet. Furthermore, we’re reluctant to take leaves or vacations. Owning a business or having a job is our way of realizing our very own American dream, but sometimes, ailments and injuries put a damper on that.
Law firms that have been in practice for a long time have had their fair share of demanding clients. These clients can range from those who push for quick responses — even after office hours — to those who frequently complain and are overly aggressive, insistent on getting exactly what they want.
The health and medical condition of a person is a combination of various factors ranging from genetics, past and present environmental conditions, and lifestyle, among others. Making sense of all these can be difficult for a non-medical attorney handling a medico-legal case, such as a personal injury claim or a medical malpractice suit.
When a plaintiff accuses another party of harming them and causing them grievous injury, the burden of proof lies on that plaintiff. However, the extent of some physical injuries can't be determined just by conducting a visual examination. In fact, some injuries affect internal organs and don’t show external visible signs at all, and the only way to see the harm suffered by the plaintiff is to take and examine medical images.
Despite all safety measures that a business has in place, employees may still get into workplace accidents or suffer from work-related illnesses. When these situations occur, injured or sick employees (or their beneficiaries) in the United States can file for a workers’ compensation claim to secure the following benefits:
Medical care coverage
Income replacement payments for lost wages, if the employee’s recovery takes a long time
Coverage for new job role training, if the employee can’t return to their old job role
Long-term disability benefits, if the employee can no longer return to work
Payment for funeral expenses, if the employee dies
By having the financial means to receive healthcare treatment, injured or ill employees can hope to recover more quickly and thus get back to work faster.