Legal Malpractice Payouts Reach 'All-Time High,' Firm Insurers Planning Premium Hikes
Most law firm insurers said they were planning rate increases this year to keep up with the increased severity of legal malpractice claim payouts, according to a new survey.
May 24, 2022 at 07:39 PM
5 minute read
Law Firm HiringThe original version of this story was published on The American Lawyer
Payouts of legal malpractice claims hit an all-time high over the last few years, according to new survey results. And insurance carriers are concerned that both payouts and frequency of malpractice claims will continue to rise within the next couple of years in the wake of any economic downturn.
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