Preparing documents for a series of real estate loan transactions entangled a former Austin, Texas firm in a legal malpractice nightmare that ended with the firm paying about $5 million to defend itself and settle with investor-lenders. One of the issues in the case involved who, exactly, Hilgers & Watkins and its lawyers represented. Claude Ducloux, chairman of the Texas Center for Legal Ethics and Professionalism, said the case "demonstrates the absolute need to have a clear and written agreement."
February 16, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Preparing documents for a series of real estate loan transactions entangled a former Austin, Texas, firm and eight of its attorneys in a legal malpractice nightmare that ended with the firm paying about $5 million to defend itself and settle with investor-lenders.
One of the issues in Michael G. McCarthy, et al. v. Hilgers & Watkins, et al. involved who, exactly, the firm and its lawyers represented in several real estate transactions.
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