Firms Face Surge In Big-Ticket Malpractice Claims

Law360 (May 29, 2019, 5:44 PM EDT) -- More complex matters and higher costs for law firms to defend malpractice allegations are top contributors to a surge in claims resulting in larger multimillion-dollar payouts, according to insurer data released Wednesday.

Broker Ames & Gough said 2018 was the first time in nine years when the majority of the 11 major lawyers' professional liability insurers it surveyed made payouts on a claim that topped $150 million. Anecdotally, Ames knows that at least two settlements exceeded $250 million.

"We know this is shaking the insurance industry because many of the insurers that write legal malpractice insurance are pulling back or pulling...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS