In an interview with The American Lawyer, David L. Brown, co-chair of Goldberg Segalla’s Global Insurance Services practice group, discussed the changing relationships of law firms and insurance companies.
“You’re seeing more and more consolidation,” David said. Corporate legal departments, in fact, are continuing to consolidate their panels — a trend that could accelerate as firms look to get “stickier” client relationships and ascendant practices such as litigation and bankruptcy, the publication noted.
“We see insurance company panels have fewer law firms on it and more business reach for the firms on the panel,” said David. “I think that’s important because what the insurance companies want, and what the law firms want, is to be partners and to understand each other’s business.”
David L. Brown serves as co-chair of the Global Insurance Services practice group. David represents insurers and insurance brokers in complex disputes throughout the country in matters involving environmental claims, construction defect claims, broker/agent issues, and directors’ and officers’ liability coverage. He has also handled very large and complex property-coverage matters involving fires and other catastrophic losses, as well as product liability claims for clients in multiple industries. David is regularly called upon to represent insurers and brokers with respect to their most sensitive matters involving their business practices and their institutional interests. He is also a certified mediator and maintains an active mediation practice.