The main goal of London Market Connections is to bridge the gap between the US law firm and the UK insurance industry. LMC is the US lawyers’ eyes and ears in the market, keeping them up to speed and in touch with the ever-changing London insurance market
LMC keeps its US clients up to date and connected with the market, allowing them to spend less time marketing in London and more time on the ground in the US focused on providing the very best service. LMC is a full-time presence in the market and meets with the relevant underwriters, claims adjusters and brokers every day. LMC works with a select group of defence and coverage firms. The focus remains squarely on quality over quantity, in terms of LMC’s clientele and of the services that they provide. LMC is aiming to focus on like-minded law firms that are looking for help bridging the gap.
The following are some of the areas where LMC plays a vital role:
Understanding of services required by Insurers for each assignment to his legal service provider clients
– Face-to-Face tailored itineraries for its US clients
– Carrier-requested in-house training
– Attorney work placement
– Secondee carrier placement
– Guidance on professional liability placement
– Attendance at relevant market events
– Fee collection and guidance about billing arrangements