There is a distinct correlation between professional indemnity claims and the economic cycle. When trading conditions are poor, litigation tends to increase. Claimants look for deep pockets. The two main reasons for negligence problems are failure to observe time limits and poor communication.
April 01, 2009 at 10:06 PM
1 minute read
The original version of this story was published on Legalweek
As the recession breeds more indemnity problems, law firms are on the defence and making increased efforts to control liability. Ronnie Fox looks at the main causes of negligence claims that firms are facing
There is a distinct correlation between professional indemnity claims and the economic cycle. When trading conditions are poor, litigation tends to increase. Claimants look for deep pockets.
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