Malpractice Landscape Is Becoming Riskier For BigLaw
Law360 (February 11, 2020, 2:50 PM EST) -- While it used to be taboo for large companies to sue their lawyers — even when the lawyers made horrible mistakes costing companies substantial sums of money — that taboo is disappearing.
Insurance broker and risk management consultant Ames & Gough’s ninth annual survey of leading lawyers’ professional liability insurance companies revealed an increase in new malpractice claims brought against law firms, with the largest number of claims stemming from four practice areas: business transactions, trust and estates, corporate and securities, and real estate.
Increasingly, general counsel have concluded it is appropriate to sue high-priced law firms who make mistakes and have...
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