Cheer up: Lawyers are getting sued, too! — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily

Cheer up: Lawyers are getting sued, too!

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in Human Resources

If misery loves company, let’s start the party. An article on warns that insurers anticipate a surge in legal malpractice lawsuits as the economy tanks. It seems employers aren’t the only deep pockets plaintiffs will try to raid during hard times. Lawyers need to watch their wallets, too.

The article noted that legal malpractice claims spiked in the years following poor economic performance. For example, the economic downturn in 1990 and 1991 was followed by a flurry of legal malpractice filings in late 1992 and 1993. Generally it takes a year or so for legal mistakes to come to light.

So employers fighting lawsuits now may have a silver lining to their current litigation cloud. If you lose, sue your lawyer. If you win, smile, knowing the plaintiff is probably going after his or her attorney.

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