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Medical Malpractice Lawsuits are a Nightmare

The biggest legal nightmare for any doctor is a medical malpractice lawsuit. However, there are other forms of litigation that can be initiated against physicians, and all of these can leave your assets vulnerable. Couple weeks ago we blogged about how most doctors will face a medical malpractice lawsuit at some point in their careers. However, they may be at risk for more than just medical malpractice lawsuits.

Employment Lawsuits on the Rise

The economic downturn has meant an increasing number of employment and workplace discrimination lawsuits, and the medical community has not been immune. Employment lawsuits based on age, race, gender, and religious discrimination have increased over the past couple of years. Besides, your practice could also be a target for wrongful termination. Doctors are also frequent victims of sexual harassment claims. You could also be sued if one of your employees assaults, molests or abuses a patient.

Asset Protection Protects Wealth Against ALL Lawsuits

Besides, asset protection can help preserve your wealth during other types of legal action, including divorce, personal injury lawsuits, lawsuits from your partner physicians in case of a multi-physician practice, and creditors’ claims.

Asset protection can help preserve your assets against all forms of attacks, including litigation through employment, discrimination or other types of lawsuits. A doctor can be an easy target for a patient with a complaint, or a miffed employee. You can’t afford to leave your assets unprotected in these economically challenging, highly litigious times.

This isn’t to say that you will find yourself in any of these situations. However, if you do, it’ll be too late for you to take any steps to protect your assets. A general perception that physicians have endlessly deep pockets, creates a litigious environment in which it would be foolish to be without asset protection of some sort.

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Pashmina Lalchandani

CEO & Co-Founder, Bar & Cocoa / Owner, Flow Simple
December 9, 2010, Douglass was a client of Pashmina’s

I’ve known Doug in many contexts, as a friend, as a client and as a business partner and he impresses me on all levels. He’s dependable, smart, generous and I wouldn’t hesitate recommending him and his law firm to anyone.
He’s the best and most ethical lawyers providing asset protection with rock solid strategies to give you peace of mind about your wealth. Straight forward, and straight talk. Doug is exactly the lawyer I want on my side. If I send someone to Doug, I know they’ll thank me for it!

Social & Solar Entrepreneur, Pan Afrikan Theorist, Translator/Interpreter,
Founder & Visionary Leader @ Afrikanpride.
March 12, 2011, Marlon E. D. J. worked with Douglass but at different companies

Doug is one of the most powerful thinker i have came across. During the short time that i have known Doug he has been a great source of inspiration. He has a simplistic yet effective and accurate way to analyze anything you bring to his attention, and then by asking you key questions he gets you to see the light at the end of the tunnel. Besides being extremely bright, he is a genuine and caring individual which is why I feel fortunate to know him. I can say without a doubt that he his the person you would want to talk to if you were in need of a person with his expertise.
Most of the lawyers out there will probably meet your needs, but if you are looking for someone to exceed your expectations and give you that wow factor, look no more he is the person for the job.

Patricia Salter

Associate Dentist at Smileology
December 1, 2010, Patricia was a client of Douglass’

I have been a client of Douglas Lodmell’s since 2001. My main concern was asset protection in this litigious society. I can sleep alot better at night knowing I have the instruments in place to protect the fruits of my labor, and that they will not end up in the hands of a slick trial attorney.

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