New ABA Study on Malpractice Claims

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Approximately every four years since 1985, the American Bar Association has published a “Profile of Legal Malpractice Claims.” Plaintiffs’ personal injury and family law are the most frequent source of claims, according to the latest profile. Although the Profile does not correlate the severity of claims by practice area, the Profile’s “anecdotal observations” section suggests  that business and commercial law have traditionally been higher-risk areas on this score…

Risk Management by the Numbers: New ABA Study on Malpractice Claims — NWSidebar

Closer to Home

It is no particular surprise that Oregon mirrors the national statistics.

In 2019, the most recent year for which data is available, personal injury, domestic relations, and bankruptcy/debtor-creditor law top the list for frequency of claims in our state. They do not, however, represent the biggest payout. In fact, they don’t make the list.

If your concern is cost, look to business transactions, securities, other civil litigation, tax/non profit law, intellectual property, and construction.

Here are the details:

Don’t become a statistic

The risk of a legal malpractice claim can be greatly reduced by taking advantage of practice management resources. HOW you run your practice matters as much – or more – than the area of law you choose. Reading blogs, getting advice, and scheduling a webinar are all ways to educate yourself on malpractice traps.

Learning to manage your workflow and properly track deadlines is a must. So is managing your time. Reach out if you need help or have questions. Take advantage of PLF and OAAP resources. Getting your systems and procedures in order is the single most effective step any lawyer can take to manage the risk of a claim. This applies to those practicing in larger firms too. Your firm supplies the software and procedures, but when it comes down to managing your personal caseload that’s up to you.

All Rights Reserved 2020 Beverly Michaelis

Malpractice Claim Trends in Oregon [Infographic]

The 2013 Professional Liability Fund Annual Report is now available for Oregon lawyers on the PLF Web site.  The report reveals the following legal malpractice claim trends and data:

Number of claimsAverage Cost Per ClaimFrequency of Claims by Area of LawCost of Claims by Area of Law

 

 

Legal Malpractice Claim Trends in Oregon

Number of Legal Malpractice Claims in Oregon 2003 to 2012Average Cost of Legal Malpractice Claims in Oregon 2003 to 2012

Disposition and Expense of Oregon Legal Malpractice Claims [Infographic]

Disposition of Oregon Legal Malpractice Claims 2003 to 2012 Legal Malpractice Claims in Oregon Expense  vs Indemnity PaymentsLegal Malpractice Claims in Oregon Expense  vs Indemnity Payments

Cost and Frequency of Oregon Legal Malpractice Claims [Infographic]

Cost of Legal Malpractice Claims in Oregon by Area of Law 2003 to 2012Frequency of Legal Malpractice Claims in Oregon by Area of Law 2003 to 2012