High Court cases against law firms for professional negligence has almost tripled in the last year.
The number of claims has jumped from just 143 a year ago to 418 in 2013/14, according to City firm RPC, with many of the cases involving property and conveyancing disputes, including subprime mortgage lenders as claimants.
The firm suggests this sharp rise comes as the time limit for pursuing professional negligence claims arising from losses, stemming from the financial crisis in 2008, begins to close. Claimants have six years from the date of the alleged negligence to launch a claim.
RPC partner, Joe Bryant, commented: "On the face of it, this looks...
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