Insurers of lawyers say they are seeing higher-severity claims due in part to the rising costs of litigating complicated suits.
A survey conducted by insurance-brokerage and risk-management consultant Ames & Gough finds frequency of Lawyers’ Professional Liability claims has leveled off, but the number of large claims has risen.
The dynamic could sink a small or midsize law firm, says Eileen Garczynski, a vice president at Ames & Gough.
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