How Much Does Your Area of Practice Impact Your Malpractice Costs?

Legal malpractice lawsuits are a cost to any law firm. But can the claims cost discriminate depending on the areas of practice? Absolutely! The cost of legal malpractice claims varies significantly and is contingent on many factors, including the areas of law in which the attorney practices 3. Some areas of law are high in frequency (number of lawsuits), while others are high in severity (the dollar cost of defense and settlement). Others still, are high in both severity [...]

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