Selecting an Insurance Recovery Law Firm (Part 1)
In today’s blog post, Miller Friel attorney Bernie Bell introduces a two part series on Issues to Consider When Selecting an Insurance Recovery Law Firm. In some ways, Insurance Recovery law is not unlike other specialized areas of the law. Experienced lawyers are generally capable of delivering better results. Yet, with insurance recovery law, not all experienced lawyers are playing on a level field. Law firms that defend corporate litigation, generally need to be approved as insurance company panel counsel to accept that work. Insurance companies, as a quid pro quo for permitting law firms to accept their money, oftentimes impose rules to restrict the effectiveness of advocacy against them. That way, if one of “their” law firms elects to pursue a claim them, they can be assured that nothing bad will happen. This approach may be one of the most brilliant risk minimization strategies ever devised as it seriously impacts the amount of money insurers pay on corporate insurance claims.
The issue for corporate policyholders is that their go-to law firms, law firms that are highly competent in most practice areas, may be crippled when it comes to pursuing corporate insurance claims.
In this video, Bernie addresses two questions that should be asked of any prospective insurance recovery law firm. Please watch the video to learn more.