Most claims against attorneys arise from litigation and the prescription of MVA matters. According to the May Risk Alert Bulletin, issued by the Attorneys Fidelity Fund, these are areas in which attorneys need to take special care.
Claims for conveyancing represent 13 percent of all claims instituted over the period 1 July 1993 to 30 June 2004. Compare this to the UK, where conveyancing solicitors were responsible for over 30 percent of all claims lodged in 2003 - see Conveyancing solicitors top professional indemnity claims table - again .
|MVA Prescription||945 000||34.55|
|Gen Prescription||229 000||8.37|
|Total||2 735 000||100.00|
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