Commercial work accounts for almost half of the value of claims made against solicitors, despite making up only a small proportion of the total number of claims, according to research by The St Paul International insurance company.
The research, which is based on claims handled by the company, which has the largest market share of England and Wales’ solicitors professional indemnity market, has found that commercial work made up 47% of the value of claims, even though it only made up 12% of the total number.
