How To Steer Clear Of Malpractice Suits In The Recession

Law360, New York (August 25, 2008, 12:00 AM EDT) -- Experts are predicting that the current economic depression will give rise to an uptick in legal malpractice lawsuits, and they advise law firms to ring in the new year by revisiting their risk management strategies to avoid unnecessary exposure.

Historically, the volume of malpractice claims against lawyers rises during economic downturns, said Michael Furlong, a senior vice president in the legal business division of Swiss Re, a company that provides malpractice insurance to lawyers nationwide.

When the economy is hurting and many deals go sour, clients...
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