A relatively new trend, Ames & Gough reported insurance defense lawyers are seeing an increase in malpractice claims. However, an insurer's ability to sue defense counsel varies by state. In some states, the law is unclear, while in others it is permitted under several legal theories of liability outlined in Ames & Gough report. Courtesy of Shutterstock.com Claim Costs for Legal Malpractice Up Despite Frequency Remaining Flat
In the past two years, the legal professional liability market has seen at least five claim settlements exceed $1B.
June 01, 2022 at 01:00 AM
4 minute read
The original version of this story was published on Law.com
Although the frequency of legal malpractice claims remained relatively static from 2020-2021, after spiking in 2019, the amount paid per claim continued an upward trend as mistakes became more costly, according to a survey of insurers that write legal professional liability coverage by Ames & Gough.
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