Sometimes the best indicator of future risks is past data. By looking at claims that law firms have received in the past, and the outcome of those claims, attorneys and firms can glean insight and even, potentially, tips about how to manage their practices.
Broker Ames & Gough recently released data summarizing legal malpractice claims reviewed or insured by nine major malpractice insurers. These nine insurers collectively insure about 80 percent of the top 200 U.S. law firms by size, as well as many other mid-size and smaller firms. Attorneys and firms can draw on this data to learn about ways to prevent or minimize legal malpractice claims.
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