Lawyer Liability Claims In A Bad Economy

Law360, New York (September 8, 2009, 12:05 PM EDT) -- Economic downturns place pressure on attorneys and clients. This pressure can result in an increase of lawyer professional liability (LPL) claims. In tracking the trends in LPL claims, Zurich North America has noticed a significant shift in the pattern of those claims during the recent recession.

For the first time since Zurich began tracking these trends, the frequency of LPL claims arising out of real estate transactions has surpassed the frequency of claims relating to personal injury matters.

The types of claims from real estate transactions...
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