Laterals and Malpractice: Clear and Present Danger

Cue up the theme from Jaws: A terrifying report from insurance broker Ames & Gough reminds firms of the unexpected and the unknown dangers in the lateral waters.

In 2017, Ames & Gough released a survey of legal professional liability insurers in which nearly half of those polled – representing the majority of the Am Law 100 – reported an uptick in claims stemming from lateral hires. Alarmingly, half of these insurers traced malpractice claims to law firms not adequately resolving a conflict of interest.

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