This article from the ABA Journal E-Report is a must-read for in-house attorneys: “NAKED AND NERVOUS: Many In-House Lawyers Find That Directors and Officers Insurance Won’t Shield Them.” Quote of Note:
“You cannot assume that simply because you are a corporate general counsel or are practicing within a corporate law department that you are immune from personal liability,” says Gary Beck, a consultant in Austin, Texas, for insurance broker AON’s legal practice group. “Likewise, you should not assume that your company’s existing general liability or D&O insurance covers you as an attorney, because it probably doesn’t.”