Recession Leads to Rise in Legal Malpractice Claims
/ 24.Jun, 2013
Legal malpractice insurance broker, Ames & Gough, reports an increase in legal malpractice claims
, including an increase in claims of more than $50 million. The study blames the recession and related mergers and acquisitions
for the increase in claims. The study also found a significant number of claims related to lateral hires and conflicts of interest. For the third consecutive year, claims arising out of real estate transactions generated the largest number of legal malpractice claims.
-Josh J.T. Byrne, Esquire