Professional malpractice lawsuits continue to rise and are a seemingly normal part of business for licensed professional service providers such as attorneys, accountants and physicians. In most cases, these claims stem from a client’s disappointment that things did not work out as they had expected.
Only a small percentage of these claims result in significant recoveries, due to the fact that most claims are eventually proven to be unfounded. However, this is no consolation to the professional, as defending oneself or one’s firm, even in a baseless case, is very expensive and time consuming. Therefore, everything possible should be done to avoid being the target of a malpractice claim.
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