OBLIC news, events and updates.

Your OBLIC Policy includes defense cost reimbursement for disciplinary actions. To take advantage of this benefit under a professional liability policy, policyholders must report the letter of inquiry or notice of grievance promptly upon receipt.  The benefit provides reimbursement for legal fees and expenses for hiring an attorney to assist with defending against professional misconduct […]

The holiday season is here! While wire fraud can happen anytime, year-end transaction deadlines and holiday busyness can give wire fraud perpetrators an opportunity.     We reported on hackers facilitating wire fraud by gaining access to business email accounts, then posing as the transferor in a transaction, to request the wiring instructions be changed to send […]

PMBR – Proactive Management-Based Regulation – becomes effective for Ohio attorneys engaged in the private practice of law on January 1, 2025. On or before September 1st in each odd-numbered year, attorneys registering for active status must file a Certificate of Registration and pay the registration fee. Beginning with the 2025-2027 registration biennium. Amendments to […]

Attorneys accept payments from clients in various forms: checks, debit and credit cards, cash, and others. Cash deposits of $10,000 or more are subject to specific disclosure requirements under federal law. This article outlines these requirements and provides guidance on how to comply with them. Background Currency Transaction Reports are filed by financial institutions reporting […]

Ohio Senate Bill 217: AI Regulations and Legal Implications  Ohio lawmakers introduced Senate Bill 217 in early 2024 to regulate the use of artificial intelligence, which includes a requirement for AI-generated content to contain watermarks. The bill proposes legal actions against AI programs that fail to include these watermarks or for individuals who remove them. […]

The value of prompt and complete communication with your clients is immeasurable! While meeting the requirements of Prof. Cond. R.1.4 Communication, client-focused communication builds strong relationships with your clients.    Use this checklist for client communication:   Client inquiry form – to obtain basic information for conflicts of interest check   Client intake form – for information […]

October marks Cybersecurity Awareness Month, a crucial time for law firms to reassess their risk management strategies and bolster their defenses against cyber threats. In an era where data is one of the most valuable assets, law firms, which handle vast amounts of sensitive client information, are prime targets for cyber criminals. As the legal […]

This week we feature updates on CTA and FTC Non-Compete Rule. Read the updates carefully to comply with changing reporting requirements for CTA. We will continue to follow the trajectory of the non-compete rule. We hope this information is helpful if your practice involves these areas. FTC NON-COMPETE RULE An opinion in Ryan LLC, et […]

The Federal Emergency Management Administration (FEMA) annually recognizes September as National Preparedness Month, emphasizing five national preparedness goals: Prevention, Protection, Mitigation, Response, and Recovery. Attorneys play a crucial role in managing risk for their clients by proactively preventing incidents and establishing protections for critical events. Life insurance is a vital component of risk management. Life […]

In a decision issued August 22, 2024, the Ohio Supreme Court upheld its prior ruling in Gliozzo v. Univ. Urologists of Cleveland, Inc. In Ackman v. Mercy Health W. Hosp., L.L.C., Slip Opinion No. 2024-Ohio-3159, the Court held that a party’s active participation in the litigation of a case does not constitute waiver of the affirmative […]