As law firms adjust to the realities of the current business environment, they continue to fall victim to malpractice claims, which can be costly to defend and may result in enduring reputational damage. A new study by insurance broker Ames & Gough finds most legal malpractice insurers continue to see a steady flow of new claims, including those in excess of $50 million. In its fifth annual survey of lawyers’ professional liability claims, Ames & Gough examined the trend by polling nine of the lawyers’ professional liability insurance companies that on a combined basis provide insurance to approximately 80 percent of the AM Law 100 firms.Read More
