Ethics/Professional Responsibility
May 4, 2023
Evaluating claims and risks of hindsight
Attorneys who fail to give a valuation its due consideration could create unnecessary risk in the event things go sideways.
Attorneys are often asked by their clients to assess active claims. This can include providing a likelihood of success in the matter as well as outlining the risks and exposure. The client may, in turn, use the attorney's assessment in valuing the case or in determining how best to proceed in the matter. Despite the fact that these assessments are relatively common, they can create risk. As seasoned attorneys know, the result in a case is rarely (if ever) guaranteed....
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