Douglas M. Palais

Office Location: Richmond, VA.

Education
  • A.B. (magna cum laude), Lafayette College
  • J.D., Northwestern University School of Law
Jurisdiction Licensed
  • Virginia
  • District of Columbia
Courts & Administrative Bodies
  • Supreme Court of Virginia
  • Court of Appeals of the District of Columbia
  • U.S. Court of Appeals for the Fourth Circuit
  • U.S. Court of Appeals for the Sixth Circuit
  • U.S. District Court for the Eastern District of Virginia
  • U.S. District Court for the Western District of Virginia
  • U.S. Bankruptcy Court for the Eastern District of Virginia
  • U.S. District Court for the District of Columbia
  • U.S. District Court for the District of Colorado
Professional & Community Activities
  • Virginia State Bar
  • American Bar Association
  • District of Columbia Bar
  • Virginia Commonwealth University School of Business, Adjunct Professor (Insurance Law)
  • Independent Insurance Agents of Virginia, Inc., Outside General Counsel
  • Virginia Chamber of Commerce – Civil Justice Committee, Past Chair
  • Journal of Criminal Law and Criminology, Notes & Comments Editor (1977-78)
  • Northwestern University School of Law, Instructor of Legal Writing (1977-78)
  • Northwestern Alumni Admission Council, Member
  • Virginia Financial Services Corporation, Outside General Counsel
  • Indoor Football League, Outside General Counsel
Notable Accomplishments
  • Martindale-Hubbell® AV® Preeminent™ Peer Review Rating
  • Listed in Best Lawyers in America®: Insurance Law (2007-present); Securities/Capital Markets Law (2010-present); Litigation-Securities (2011-present)
  • Thomson Reuters, “Virginia Super Lawyers” – Securities Litigation (2006-present)
  • Journal of Criminal Law and Criminology, Notes & Comments Editor (1977-78)
  • Northwestern University School of Law, Instructor of Legal Writing (1977-78)
  • Virginia Business, “Legal Elite” (2011-12)
  • Independent Insurance Agents of Virginia, Commonwealth Award (2019)

Doug is a seasoned trial lawyer and counselor with nearly 40 years of experience.  Doug concentrates his practice in Professional Liability; Errors & Omissions Defense of Insurance and Securities Professionals; Directors & Officers Liability Defense; Securities Litigation and Arbitration; Insurance Coverage and Defense;  Legal Malpractice Defense and Financial Institutions and Securities.

For decades, he has concentrated on defending a wide range of claims against professionals, including insurance licensees, attorneys and securities professionals.  His practice includes the representation of insurance agents and agencies; law firms; securities broker-dealers, registered investment advisers and individual securities brokers.  Doug is regularly listed in The Best Lawyers in America in the fields of Insurance, Securities Litigation, and Capital Markets.  He has also been recognized as a Virginia “Super Lawyer” in  the field of Insurance and Securities Litigation.

He has tried dozens of jury trials, bench trials and arbitrations in Virginia and in other jurisdictions.  In addition to trying cases in courts and before arbitration panels, Doug has extensive appellate experience in Virginia and in the United States Court of Appeals for the Fourth Circuit. A long-time member of the Virginia State Bar and the District of Columbia Bar, Doug has also handled cases in North Carolina, Tennessee, Georgia, Oklahoma, Texas and Colorado.  He has also served as lead counsel to institutional and individual defendants in major multi-district cases involving insurer insolvencies and alleged securities fraud.

Doug’s practice includes handling regulatory issues before federal and state regulators, including the Securities and Exchange Commission, the Financial Institution Regulatory Authority and a host of state securities and insurance regulators.  He is a 1978 graduate of Northwestern University School of Law, where he was Notes & Comments Editor of the Journal of Criminal Law and Criminology and an Instructor in Legal Writing.

News
Vandeventer Black Attorneys Selected for the 2020 Virginia Super Lawyers List
/ Firm News
Vandeventer Black attorneys were selected to be included on the 2020 Virginia Super Lawyers list by Thompson Reuters. This renowned rating service considers attorneys from over 70 different practice areas that are nominated based on professional accomplishments and peer recognition. Attorneys from the Norfolk and Richmond offices received the Super ...
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Vandeventer Black’s Palais Honored with the Commonwealth Award by the Independent Insurance Agents of Virginia
/ Firm News
Vandeventer Black attorney, Douglas M. Palais, has been awarded the Commonwealth Award by the Independent Insurance Agents of Virginia (IIAV). Palais is only the third recipient of the award in the IIAV’s 120-year history. “This award is such an honor. It is also a great privilege to represent this association ...
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Richmond Attorney’s Selected for Inclusion on the 2019 Virginia Super Lawyers List
/ Construction, Firm News
Vandeventer Black attorney was selected to be included on the 2019 Virginia Super Lawyers list by Thompson Reuters. This renowned rating service considers attorneys from over 70 different practice areas that are nominated based on professional accomplishments and peer recognition. Douglas M. Palais, Securities Litigation Other awarding bodies have recognized ...
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Articles
Agency Agreements
Authored by Douglas M. Palais Agreements between insurers and their appointed agents set forth the actual authority, as opposed to the apparent authority, of the agents. While commission schedules often change with some regularity, there are other portions of these agreements that agents should monitor on a regular basis. This article ...
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The Trouble with Certificates
Authored by attorney Douglas M. Palais Even though issuing certificates is an important part of the service that you provide to your customers, from an E & O standpoint, they must be handled with extreme care.  The following points are not comprehensive, but demonstrate a few of the specific risks ...
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Are Cyber Attacks an Act of “War” within the Meaning of Liability Policies?
Authored by attorney Douglas M. Palais This question cannot be answered definitively at this time, but should be considered carefully by all insurance professionals. Typical CGL policies exclude acts of terrorism and acts of war. In the past, it was relatively easy to define “war” as hostile military actions by ...
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