What is a Step Rate Credit? Many attorneys have questions about what the Step Rate Credit is and how it works.
Simply put, this is a credit issued to you throughout your first five years on a declining scale.
Due to this you will see your
The Bar Plan Mutual Insurance Company announced the retirement of its Chairman Jerome (Jerry) Brant and the election of Kent Hyde as Chairman, effective immediately. Brant served on the Board for 20 years (1997 – 2017), and as Chairman since 2011.
“Jerry has been an extraordinary Chairman and leader,” said Karen McCarthy, President and CEO. “He was on The Missouri Bar Board of Governors when our Company was being formed; as such he has a deep understanding of the Company’s history and mission to provide broad malpractice coverage to lawyers at the best possible price, consistent with long-term financial strength. We owe him a great deal of gratitude for his dedication and leadership; he will be greatly missed.”
Kent Hyde was elected as the new Chairman of the Board; he has been on The Bar Plan Mutual Insurance Company’s Board of Directors since 2000, and the Executive Committee since 2011. Hyde, a Senior Partner in the firm of Hyde, Love & Overby, LLP in Springfield, MO, primarily represents defendants in medical negligence and products liability cases.
“I am honored to have the opportunity to lead this great organization,” said Hyde. “I had the privilege to serve under two exceptional chairmen. This board has always strived to best serve the interests of our insureds; and I intend to continue that tradition.”
In addition to the election of a new Chairman, Ann Hagan was elected as Vice Chairman; and John Gunn as Secretary. Michael Delaney will remain as Treasurer.
Proposed Amendment Aims to change the way law firms and entities do business
By: Charles S. Coffey, Senior Claims Counsel
This article first appeared in the ABA Young Lawyers Division, Ethics & Professionalism Committee Newsletter Reposted with permission.
ABA Model Rule of Professional Conduct 5.6(b) prohibits “…an agreement in which