Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Thursday, July 16, 2015

Malpractice Claims Are Having A Major Impact On Law Firms

Law firmAs law firms constantly try to stay ahead of the changing legal market they can often fall victim to malpractice claims.  The frequency of claims being brought against law firms remain above pre-recession levels.  The highest numbers of claims are in the area of law dealing with trusts and estates practice.  Conflicts of interest are a leading cause of claims; as firms grow and expand and then take on lateral hires potential conflicts can arise.  Law firms should be proactive and try not to ignore or overlook these issues. 

See Ames & Gough, Law Firms Face Large Malpractice Claims as Risks Grow: Study, Insurance Journal, July 10, 2015. 

https://lawprofessors.typepad.com/trusts_estates_prof/2015/07/malpractice-claims-are-having-a-major-impact-on-law-firms.html

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Comments

Since the recession, the number of law suits across most firms have increased significantly. As you explained, this is most often due to a conflict of interest, most of which arise when a company is expanding and taking on new clientele. I appreciate you sharing this possible danger, and cautioning about not forgetting or foregoing dealing with it. Lawsuits can be the downfall of an attorney, and this post certainly helps make lawyers aware of that.

Posted by: Albie Cardew | Jul 21, 2015 9:02:52 AM

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