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LSDefine

Simple English definitions for legal terms

captive law firm

Read a random definition: finire

A quick definition of captive law firm:

A law firm is a group of lawyers who work together to provide legal services to clients. They may organize themselves as a partnership, corporation, or limited-liability company. The partners or shareholders oversee junior lawyers called associates, who may eventually become partners. A captive law firm is a type of law firm that works exclusively for an insurance company. The lawyers in a captive firm defend insured clients in lawsuits covered by the insurer's liability policies. However, there are ethical concerns about whether the lawyers will act in the best interests of the insured client.

A more thorough explanation:

A captive law firm is a type of law firm that is staffed by employees of an insurance company. These lawyers typically defend insureds in lawsuits covered under the insurer's liability policies. The insurer's use of a captive firm to defend an insured raises ethical questions about whether the lawyers will act in the insured's best interests.

For example, if an insurance company has a captive law firm, and one of their policyholders is sued, the captive law firm will defend the policyholder in court. However, because the captive law firm is employed by the insurance company, there may be a conflict of interest. The captive law firm may be more concerned with protecting the interests of the insurance company than with protecting the interests of the policyholder.

Another example of a captive law firm is a law firm that is owned and operated by a corporation. In this case, the law firm is not independent, but rather is controlled by the corporation. This can also raise ethical questions about whether the lawyers will act in the best interests of their clients or in the best interests of the corporation.

These examples illustrate how a captive law firm can create conflicts of interest and raise ethical questions about the loyalty of the lawyers to their clients.

captive insurer | capture

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AngryMiniCar
16:42
My boss went out on vacation
AngryMiniCar
16:42
And thought he told me but he forgot.... :') So now I've got virtually nothing to do
16:45
@bigfatsloth: an early welcome to north carolina :3 i will NOT be joining you in the forest unfortunately
NosyBeagle
16:47
lol same but the second in command gives me tasks
NosyBeagle
16:47
none today tho
NosyBeagle
16:47
it's almost 4pm and i play nyt sudoku at 4pm and i am thrilled. this is my life now
globalcitizen
17:22
Waitlists serve as little gestures to aa era on the way out
globalcitizen
17:22
That’s nice
ParallelAgreeableOrangutan
17:34
To what?
Anyone get uva feeler/auto email about waitlist
ParallelAgreeableOrangutan
18:28
I got the email. Based on the language in the email, I'd be surprised if many feelers were going out
I mena, the same is true for all of them lmfao WL =R
ParallelAgreeableOrangutan
18:51
That's demonstrably not true. I've gotten feelers and others in this chat have as well. Not sure why you're asking questions when you clearly aren't interested in the answers
hello
19:22
hey yall
ParallelAgreeableOrangutan
19:25
Hi llama!!
21:15
@ParallelAgreeableOrangutan: How are you!
ParallelAgreeableOrangutan
22:02
tbh kinda losing my mind, I'm visiting my parents in my childhood home and whenever I do this I remember why I never do this aahhaha
ParallelAgreeableOrangutan
22:02
My dog likes it here tho
ParallelAgreeableOrangutan
22:02
How are youuuuu?
22:26
@ParallelAgreeableOrangutan: Deep/tough. Feels. Im well working on a project so im happy :)
22:28
should i hit the dmt pen in the sauna and meet god
ParallelAgreeableOrangutan
22:31
Ooh what kind of project? Work, passion, neither, both?
ParallelAgreeableOrangutan
22:31
@NemoPropheta: do it do it
22:37
alright day before my lsat ill hit a blinker in the sauna and become one with the test
22:47
@ParallelAgreeableOrangutan: law school data so just passion.
22:47
@NemoPropheta: noo they drug test before the LSAT! U will get flagged!
ParallelAgreeableOrangutan
23:19
I'm intrigued llama
ParallelAgreeableOrangutan
23:21
Holdddddup all that number crunching on your lsd profile is your work? Damn
ParallelAgreeableOrangutan
23:21
I don't visit y'all's profiles enough, clearly
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