Bethany Kristovich, left, and Tyler Hilton, right, with Munger Tolles & Olson. Courtesy photos How Deal Lawyers Can Avoid Litigation When a Transaction Goes Bad
Nothing is perfect, and sometimes storms develop for reasons completely apart from the quality of legal work, but these tips can help mitigate the risk posed by transactions going bad.
August 24, 2022 at 01:00 PM
6 minute read
One of the biggest risks facing law firms is a significant legal malpractice claim. While claim numbers have remained relatively stable, the size of claims—measured by how much the former clients seek in damages—has exploded. It is not uncommon to see eight-, nine-, or even 10-figure damages claims. In addition to the financial risk, these claims carry reputational risk, make lateral hiring tricky, and can take a psychic toll on otherwise-thriving attorneys.
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