ALBANY – For the first time in its 16-year history, the Lawyers Fund for Client Protection is noting a significant and sustained downward trend in new claims, pending claims and alleged losses.

Last month, the attorney-supported agency that reimburses victims of fraudulent practitioners recorded 279 pending claims, well below the 530 on the books in January 1998. During the same period, alleged losses were down from $48.2 million to $16.3 million.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]