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17 Va. B. News 1 (1969)

handle is hein.barjournals/valaw0017 and id is 1 raw text is: V. 1969 PROFESSIONAL LIABILITY To illustrate the cost savings available SURVEY AND REPORT ON INSURANCE OFFERED AT une the State Bar group policy the follow WO E LA YR C MP TD ing table sets forth rate comparisons for O E A YR O PEE LOW RATES $100,000 coverage as written by Pilot, A recently completed survey of women At a tlime when many underwriters are Buckeye Casualty and St. Paul Fire and lawyers in Virginia has turned up some in-~ S withdrawin~g fromu the professional liability Casualty, another prominent professional teresting information about how they prac- insurance fild the Virginia State Bar has liability carrier. tic law. The survey, conducted by the Virginia State Bar, showed, among other been fortunate in securing a most fnvorable St. Pul Buckeye Pilot things, that almost 609o are in the private grousp policy for its members. Th.e nlew I-awyer and $103.00 $ 92.70 $ 82.00 practice of law. About half of those in group policy which replaces the one under-. one secretaryprvtpaciendaedhtteyedd lt witten~ by Buckeye Casualty (not with- Two Partners 206.00 185.40 15r8aepaci iniatdt00te tne dr4awing from~ the field but making substan- Two Scetries to specialize (spend more than 25% of tia hikes in rates) is underwritten by Pilot Three Partners 379.04 356.10 294.00 their time in one legal fQil). Real Estate Fir a nd Casualty Insuranice Company, Pi-~ Two Asocite Law; Divorce and Domestic Relations; an~d lot is a sou~th~ern company basedI in Gres Five Secretaries Wills, Trusts and Estates were the most boro, North Carolina and bases its rates on The figures in the table clearly show the popular specialties. S low loss ratio~s in the Sousth rather th~an on Cost savings provided through the State Bar Thirty-two of the practicing women law- the high~er national ratio~s, which in recent policy. And there are other desirable fea- yens were in solo practice while twenon ycars have b~een spiralling upward. Thisj tures as well, were in partnierships. Thirteen ofthse wert. underwriting tdvantage permsits Pilot to pro- For example, a deductible provision may fullI partners whille eight were associates. vidc in~surance a~t a significant cost savings. be included t allow for small losses to be Among the respondents not in private paid by th~e insured lawyer. Thisnmeans practice, sixteen were not in the legal field, LW E9PAsMEET lower premiums on the basic $10,000 cover- seventeen were GJovernmient employees, age. The deductible amoupnts range from two were Judges, one was a Law Clerk to $250, WhiLh reduces paymnts 12%, to a Judge, one a La3w School ibrrians, and $1,000, wh1ich reduce. premiums 28%. one a Law School Professor. Another money saving feature is a dis- eThle State Bar Survey included 113 wom-~ count for policies written for three year of lawyers in Virginia who make up 2.3% (Continuaed on Page 4) ofthe 5,000 resident memnbership, Eighty- nine women lawyers, a remarkably high AND CRTIFCATIN OFAlthough the number and percent of LEGA SPCIALSTSwomen lawyers in the state are small there are many mr oe a ebr o Prologue day than several years ago. For example, ~ Grupr-xas~natin isre- in 1948 there were only sixty-two women Shwnhe* r lwyrsan P~ atedig Specialy rusEaiton sre lawyers out of a total Bar membership of th ecn jit min betwee the Vir quired for a patent specialty. Experience is about 3.100. The percentage membership gii Stt gos omite n ooeato required to obtain admission to certain trial waaloesthnody 91 with the irgnaSceyo CriidPbi and insura~nce groups. Similarly, recognition waaloesthnody Acoutnt an the Virginia Society ofC. h rndi vdnei Vrii sas Comite o Coperatin it sth Virgnia is fostered by trademark~ attorneys, admiral- ThtrdinedncinVgiiisao State ua.Saelef orgt aeRs . t proctors, criminal law specialties, defense reflected in national statistics. In 1948 'i (CPA),~ Richond Wila . 0 ,tisi ht ctre nte eia yers in the United States out of a total law- 0, (ayrCiftn oM ndLete 1 Bowman bly, iis and ccredi itormeia there wereu fwerthn o17,10 woeperentlaw- (Lwe) eesug tnig(loft to right) practice. Specialization was first recognized yepouainf 71l heerntg or*R.Brxto Hll(CPA Charmans), Norok; b independent splinter groups or subgroups figure was 1.8%. By 1967 the number of SaulA Derieux (CPA), Richmon!d;Matingnea women lawyers climbed to more than 8,000 V.B, potete(aye),Aleanria n of the gnrlpractice, out of 288,404 lawyers, according to a cen- Le,W 4!1OaJr.,(Lawyer Chairmnp), ABA Sectons~-In some measure the sus report. The percentage climbed to Oi tlmug Asntwhnth icue a ABA Sections recognize and deal with spe- 28% Artur . Bune (P) Alehmndria; Fred J. cial interest groups whose composition de- The incresingly important factor of Bue(CARcmn;and Daniel Schossr rives from common member interest or woeIntelglpfsinInVgna Corne fo comet) (Continued on Page 5) (Continued on Page 3) V~iiii~iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii~iiiiilliiiiiiiiiiiiiiiii iii~i iiiiiiiiiiii~iiiiiiiiii

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