Game-Changing D&O Insurance Limits for Top Law Firms
Real-World Examples and Data
In recent years, the legal industry has seen a rise in D&O claims, with settlements reaching into the millions. For example, in 2020, a prominent law firm faced a D&O claim that resulted in a $10 million settlement1. This highlights the importance of having adequate coverage limits to protect against substantial financial obligations. According to a survey by the American Bar Association, 25% of law firms have experienced a D&O claim in the past five years, underscoring the necessity of robust insurance coverage2.