Rising Malpractice Payouts Outpace Inflation, Legal Survey Reveals

The frequency of malpractice claims faced by major law firms remained relatively stable in 2024. However, payouts for these claims have increased at a rate surpassing general inflation rates. This trend was highlighted in this year’s legal professional liability insurance survey, which revealed that nearly half of the insurers surveyed reported paying at least one claim exceeding $150 million. For further details on these findings, visit the comprehensive piece on Law360.