Legal Industry predictions are that a dramatic rise is coming in legal malpractice insurance premiums for lawyers. Why now? Historically, high volumes of legal malpractice claims are associated with public crisis. With the public health crisis caused by COVID-19, laws and regulations are changing at an extremely fast pace. While many attorneys have handled the changes well, these changes mean more opportunities for lawyers to make professional errors, especially among those less diligent in keeping up with developments in the law and with the standard of practice during the pandemic. As a result, insurance companies are getting ready to gear up with increased premiums to help pay for the wave of legal malpractice claims that are coming.
