Search Results for: captive law firm

captive law firm

A law firm 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. — Often shortened to captive firm.

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law firm

law firm. An association of lawyers who practice law together, usu. sharing clients and profits, in a business organized traditionally as a partnership but often today as either a professional corporation or a limited-liability company. • Many law firms have a hierarchical structure in which the partners (or shareholders) supervise junior lawyers known as “associates,”

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