In an unstable economic climate law firms are particularly in danger of being targeted for litigation. Richard Dedman outlines some of the ways lawyers can protect themselves
Recent media stories suggest that the current recession will trigger a huge increase in disputes, including claims against lawyers. And the legal profession is itself concerned – a recent risk management survey sponsored by Marsh of the UK’s top 100 law firms indicates 79% of respondents believe that the downturn increases the risks faced by their firm, including that of clients looking to apportion blame, other key perceived recessionary risks being bad debts, credit problems and increased regulatory burden.
