Professional negligence claims brought against law firms in the High Court have almost tripled in the last year, jumping to 418 in 2013/14, according to City law firm RPC. Many claims involved property and conveyancing disputes and include subprime mortgage lenders as the claimants. RPC attribute the sharp rise to the impending deadline for claims arising from losses sustained during the 2008 financial crisis. Claimants have six years in which to launch claims.
10 December 2014
Surge in negligence claims
MOVERS & SHAKERS
Clarke Willmott—Anita Rasaratnam
Clarke Willmott strengthens social housing development offering with senior London appointment
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Trowers & Hamlins—David Meecham
Trowers strengthens Birmingham real estate team with partner hire
Blake Morgan—Jennifer Ray & Louise Culleton
Blake Morgan expands private client and regulatory teams with new legal directors
NEWS
A mood of cautious optimism has enveloped the criminal law sector following indications the Prime Minister may abandon planned jury reforms
Helping to source the services and providers you need
The Senior Courts Costs Office has clarified that judges conducting detailed assessment proceedings cannot order security for costs—a ruling that may leave successful parties exposed to further litigation expense
Rejecting a generous settlement can prove an expensive mistake, as two recent high-profile cases demonstrate
The Financial Conduct Authority (FCA) continues to show that failing to disclose regulatory issues can attract harsher consequences than the original misconduct itself
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