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Bankruptcy

Apr. 23, 2009

Will Legal Malpractice Claims Track Rising Bankruptcies?

Bankruptcy trustees are going after law firms that have counseled financially troubled clients in a bid to recover funds. A legal expert says it's a trend.

See Correction Below.

By Don J. DeBenedictis
Daily Journal Staff Writer

Pillsbury Winthrop Shaw Pittman settled for $10 million. McDermott Will & Emery settled a $200 million suit. And just last week, Mayer Brown dodged a $2 billion claim.

As the economy tanks and bankruptcies rise, law firms are poised to face a growing number of malpractice lawsuits filed against them by financially strapped former c...

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