Highlights of Our 2026 Renewal and 2025 Results

We are pleased to provide this overview of our 2026 renewal and 2025 operating results. As of January 1, 2026, we insure 222 member firms with approximately 84,000 lawyers, the latter being an all-time high. Our membership includes 93 firms in the Am Law 200 and dozens of the best regional and boutique firms around the country. We also achieved a 100% renewal for the seventh time in the last eight years. These excellent results reflect the loyalty of our membership and the significant value we provide our firms. Recent highlights include the following:

• We added six new members in 2025: Coblentz Patch Duffy & Bass; Eimer Stahl; Fish & Richardson; Gibbons (now part of member firm FBT Gibbons); Harris Beach Murtha Cullina; and Sherin and Lodgen. A total of 35 firms with over 13,000 lawyers, including 15 firms in the Am Law 200, have joined us since 2020. We are currently discussing potential membership with several other premier firms.
• We recorded very favorable operating results in 2025, leading to an increase in net worth of approximately $160 million. At year-end 2025, our net worth stood at approximately $1.31 billion, which is an all-time high for the company. On May 1, 2025, Fitch reaffirmed our financial strength rating of “A” (Strong) with a Stable Outlook.
• We kept our LPL rates unchanged for 2026. Since 2017, we have either decreased rates or held them steady in 9 out of 10 years. Over that time frame, our LPL rates have declined by 13%. In contrast, reports on conditions in the commercial LPL market have shown that in recent years, carriers have reacted to increased claims costs by increasing rates, offering lower limits, or withdrawing from the market. We attribute our better results to our selective underwriting process, collaborative claims management approach, and unmatched risk management services.
• Our optional program for management and employment liability coverage provides important protection to our members. Over the last 10 years, rates on this program have declined by 25%. As of January 1, 2026, we insure 136 member firms with over 68,000 lawyers under this program, which is 80% of our total census.
• The scope of our risk management resources far exceeds anything offered in the commercial market. Our services are designed not only to mitigate risk, but to improve the quality of our firms’ legal practices and operations. Our major events in 2025 included our Defense Counsel Symposium; Annual General Meeting; Managing Partner Program; Firm Administration Conference; and Trusts and Estates Practice Group Conference. Our resources also include a wide range of written and electronic guidance and in-firm programming that address emerging issues of concern. For example, last year we continued to advise members on the implications of generative AI and on ways to mitigate employment liability risk.
• We continue to provide the most favorable claims support in the industry. That is particularly evident in the member-centric manner in which we interpret our broad policy form and in our collaborative approach to defending and resolving matters. In the most challenging claims, that includes ensuring our member firms have all the resources necessary to take matters to judgment. And we continue to achieve exceptional results when doing so, including complete defense victories in all 17 of the trials and arbitrations that reached a judgment since 2022.
• Our capital strength gives us the ability to offer LPL coverage limits up to $100 million per claim, the highest in the industry. As of January 1, 2026, we have 53 firms that purchase our maximum limits, accounting for nearly half of our overall insured lawyer census. Both those firms and our members with lower limits find great value in having coverage provided under a single policy, by a single insurer, with a single point of contact in resolving claims. The ALAS structure contrasts sharply with commercial programs featuring numerous carriers allocating risk severally across multiple coverage layers, creating opportunities for disagreement and inefficiency.

We have the largest, most experienced group of lawyers and professionals in the industry dedicated to helping premier law firms navigate increasingly complex issues related to insurance coverage, loss prevention, and claims management. If you would like to discuss the benefits of ALAS membership for your firm, please contact one of the lawyers in our Member Services group: