Biglaw Insurers Don’t Care If New Associates Have Diploma Privilege

Generally speaking, we are not overly concerned about privilege diplomas with large law firms and don’t anticipate any policy changes with respect to large law firms.

— Christopher Gomprecht, national practice leader for lawyers’ professional liability at Allianz Global Corporate & Specialty, NA, which provides coverage for more than half of all Am Law 100 firms, commenting on the prospect of new associates practicing without having taken a bar exam. Nancy Montroy, director of underwriting at ALAS, which covers 83 of the 200 largest firms, said her company’s policy doesn’t even take licensing into consideration.