Law Practice Management

Insurer Offers Advice on Avoiding Legal Malpractice Claims in 'Safe' Business Transactions

Many lawyers think of business transactions as a “safe” practice area not likely to result in malpractice claims.

But more than two-thirds of all such claims are brought against attorneys who say such work generates 5 percent or less of their annual revenue, a legal claims study (PDF) by the risk control division of CNA insurance has found.

However, while lawyers for whom business transactions comprise 25 percent or more of their practice face fewer claims, the claims they face are more expensive, explains a CNA insurance press release.

Among the advice the study offers for avoiding claims is to represent only one side in a business transaction.

Already Disbarred re Other Misconduct, Ex-Lawyer Is Criminally Charged re Claimed $100K Estate Theft

Patent Attorney Accused of Offering Cops Up to $35K to Avoid DUI Is Convicted of Bribery

We welcome your comments, but please adhere to our comment policy. Flag comment for moderator.

Commenting is not available in this channel entry.