Liability Risk and Insurance
Conveyancing tops claims against solicitors
At 32%, residential conveyancing led to more professional negligence claims against solicitors last year than any other category.
This according to figures from Zurich Professional, the second largest underwriter of solicitors’ indemnity. Conveyancing
claims included failure to investigate titles and charges, faulty searches and bad advice. The next highest category, totalling
28%, were litigation-related claims arising from personal injury, employment, landlord and tenant and commercial property;
of these 60% were caused by missed time limits. Similar stats compiled by broker
Alexander Forbes also identified conveyancing as the leader at 23% followed by litigation 21% and commercial property 11%.