BigLaw Cuts More Checks To Head Off Malpractice Claims
Law360, New York (November 4, 2016, 8:46 PM EDT) -- BigLaw is getting more comfortable writing checks to quickly mollify aggrieved clients, according to a recent survey, with experts blaming rising malpractice defense bills and trigger-happy claimants who are pushing overall costs past six figures for a growing number of suits.
While the latest American Bar Association data on national malpractice claims shows only a slight bump in overall volume since 2011, a recent survey also shows that firms and insurance carriers are more willing to settle before a suit is ever filed.
Meanwhile, firms are seeing more suits that do get filed end with some payment to the plaintiff, either...
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