Walker Clark
Worldview Archives
Could this disaster have been avoided?
The Lawyer reports today that the U.K.-based international law firm Withers has lost its appeal of a GBP 1.6 million (US$ 2.4 million) professional negligence judgment arising from an associate's defective drafting of an LLP agreement.
The plaintiff, Wellesley Partners, had been a long-standing Withers client. The trial court found that a Withers associate's "misremembering" of his instructions ultimately resulted in losses to the plaintiff of more than GBP 1.5 million in London and in the United States, plus substantial additional internal costs.
Engagement Letters: The Riskiest Documents in Your Practice?
When a new client appears at the front door of your law firm, do you see opportunities or risks?
Our firm's experience advising law firms on risk management issues demonstrates that law firms can incur substantial risks in the way that they manage the intake of new clients and matters. The focal point for these vulnerabilities is the engagement letter.
