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Simple English definitions for legal terms

captive law firm

Read a random definition: claim of appeal

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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babycat
20:16
I hate The Good Morty
Dkk
20:21
I hate him too. So lame.
Dkk
20:23
If someone has over like a 170 and they report their stats in the 2023-2024 cyle, I really question if they deserved that 170.
Dkk
20:23
I'm gunna report all my shit in the 2025-2026 cycle for now on.
babycat
20:28
Dk have you gotten into any schools yet?
Dkk
20:28
Nope! Heard nothing so far!
babycat
20:28
oh okay it’s coming!
Dkk
20:28
No Wl, No R, No A. It will probably be a while for me cus of my weird stats and softs.
babycat
20:28
me neither but I applied this month
Dkk
20:29
Yeah, I would say you gotta wait until Chrsitmas or early january now.
babycat
20:29
I’ll probably wait another month or two before I start freaking out
2big2fail
20:29
@Dkk: what are weird softs
Dkk
20:29
That is a good plan.
babycat
20:30
he’s a crypto billionaire
2big2fail
20:30
he beat mike tyson in a boxing match
2big2fail
20:30
last week
babycat
20:30
he also has a hot tub which is a big deal
Dkk
20:30
Paralegal, military, entrepreneurship, crypto, weird other work experiences like Disney. COVID issues, UCLA issues, drug addiction with my brother.
Dkk
20:31
Yeah, hot tub is the biggest one.
@Dkk: I feel ur pain with no responses yet
2big2fail
20:31
were you a disney channel child star
we are all going crazy
babycat
20:32
he’s bridgit mendler
2big2fail
20:32
im just waiting for pellerdine
2big2fail
20:32
peggerdine
Dkk
20:32
Crypto is booming right now and my friend is CPO of a carbon creidt company on the blockchain and the Canadian government has called him like 3 times this week and he needs help so he actually just gave me a job offer today.
i aspire to be bridgit mendler
Dkk
20:32
Nah, just security there.
wait are u actuaLLY a big crypto guy
m10
20:33
Yeah, like huge into the Cardano space. One of the runner ups for the government on Cardano.
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