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It's getting more expensive for corporate lawyers to defend themselves. A soon-to-be-released study by the ABA shows that the number of big-ticket suits -- those with claims of $2 million or more -- against firms has risen dramatically since 1996. While the overall volume of cases is still small, the numbers point to a costly, long-term problem for law firms. If claims continue to rise, firms may face much higher malpractice insurance premiums. In other words, they'll face a big hit to the bottom line.
May 09, 2005 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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