OAMIC Resources

Collection & Bankruptcy Errors: What You Need To Know

As consumer debt increases, so does the demand for collection and bankruptcy legal services. According to the Bureau of Consumer Financial Protection (CFPB) 2020 annual report, “the volume of new debt placed in the litigation channel has increased significantly.” This indicates a growing market for collection and bankruptcy lawyers. It may be tempting for an […]

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Managing Your Risk: Common Estate, Trust & Probate Errors

Estate, trust and probate law is an area of practice concerned with the management and transfer of wealth. This is usually handled by using a variety of legal instruments such as but not limited to wills and trusts. Claims originating from this area have been rising and are expected to continue to rise as baby […]

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Real Estate Transaction Errors: What You Need to Know

Even the best attorneys make mistakes, but not all mistakes made by attorneys qualify as legal malpractice. According to the American Bar Association (ABA), 4 out of 5 lawyers will get sued for malpractice in their legal career. The likelihood of being sued is greater for real estate attorneys, as it is one of the […]

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Common Family Law Errors and How to Mitigate Your Risks

Family law is the area of law that deals with matters of the family. This includes, but is not limited to, prenuptial agreements, separation, divorce, child custody, child support, adoption and surrogacy. Family law is one of the areas of law with a relatively high number of legal malpractice suits. However, these lawsuits are typically […]

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Transaction Law: Risky Business for Legal Malpractice Suits

Contrary to popular perception, business transaction and commercial law is a high-risk area of practice for attorneys. It is the only area of practice that is high in both frequency and severity. For attorneys practicing in this area, this should be a concern, as they can be hit by multiple high cost legal malpractice lawsuits. […]

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The 4 Most Common Types of Legal Malpractice Errors

Lawyers make unintentional errors every day – in hard and easy cases, in trials and transactions, in large and small firms, and across many areas of practice. Deadlines, long hours, demands from clients and more contribute to this, and even the most meticulous lawyer is bound to make a mistake at least once in his […]

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6 Areas of Practice with the Most Frequent Malpractice Lawsuits

Legal malpractice lawsuits can be costly for any law firm, but the potential cost of malpractice claims can vary significantly based upon the areas of law concerned. Some areas have a high frequency of lawsuits filed, while others have more severe costs of defense and settlement. Knowing where your area of practice stands in this […]

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3 Areas of Practice with High-Cost Malpractice Suits

Legal malpractice lawsuits are both time consuming and costly for all law firms, but the average costs of malpractice suits can and often do vary based upon the area of law. While some areas of practice experience a high frequency of malpractice lawsuits, others have experienced much higher severity in terms of costs for defense […]

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