Law firms have benefited from a relatively settled risk environment, despite a run of crisis-linked claims. But Legal Business’ annual risk survey finds dangers new and old lurking beneath the surface.
On the face of it, news in December 2014 that the number of professional negligence claims against solicitors had tripled in a year, based on research from RPC, was enough to give law firm risk managers and professional indemnity insurance (PII) specialists pause. RPC reported that High Court cases against law firms for professional negligence had increased by 192% from 143 in 2013 to 418.
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