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Your policy requires that you give LPLC immediate notice of any claim first made against you during the policy period, or any circumstance which might give rise to a claim of which you become aware during the policy period. We encourage early notification as this enables us to take action, or provide advice and guidance, so as to minimise any loss or damage that might occur.

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We've noticed an increase in enquiries from practitioners about acting for multiple parties with different interests in transactions. The additional difficulties in doing business during COVID-19 restrictions seem to be causing clients to place pressure on lawyers to 'help out' so that transactions are not held up. As lawyers, we have an innate desire to help clients solve their problems, but even in difficult times it is important to remain mindful of ethical and legal obligations in addressing conflicts of interest.
Basic company searches and alerts are underutilised tools in litigation. They are critical in identifying and monitoring the correct parties in proceedings and avoiding claims. Naming incorrect or deregistered parties to proceedings can result in delay and unnecessary costs for parties, particularly where the issue is not identified and fixed quickly. While this may seem obvious, it is a common mistake and the consequences can be serious, including professional negligence claims and personal costs orders being sought against practitioners.
This Practice Risk Guide provides details of the types of mistakes made by barristers based on the professional indemnity claims made in Victoria since LPLC began insuring barristers in 2005, and provides recommendations on how to avoid those mistakes. The guide also provides links to risk management checklists and at the end a list of cases relevant to conflicts, and personal costs orders.