Information concerning the frequency and severity of legal malpractice claims submitted to insurers in 2014 is out, and the news is generally good.
In its yearly survey, Ames & Gough, a trusted risk and insurance adviser to law firms, provided data relating to legal malpractice claims submitted in 2014. The survey included information from nine leading insurance companies that provide insurance to approximately 80 percent of the Am Law 100 firms. Notably, six of those nine insurance companies insure between 40 percent to 80 percent of both the Am Law 100 and the NLJ 250 firms.
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