Compensation for negligent advice
When a professional gets an important part of their job wrong, the implications for clients can be monumental in terms of financial loss, wasted time and costs and personal distress. Fortunately, the law does provide a remedy.
At Nelsons, our solicitors in Derby, Leicester and Nottingham advise on professional negligence claims in order to win compensation for clients for the mistakes, lack of care and even fraud of their professional advisers. Any professional, including solicitors and barristers, financial advisers, accountants, insurance brokers, surveyors and architects, could have a claim brought against them if they breach their duty of care to their client.
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Making a professional negligence claim
A successful professional negligence claim involves more than just establishing that the professional concerned gave bad advice or failed to spot a crucial issue. The error must amount to a breach of duty and it must have caused a direct financial loss. Sometimes it will be relatively easy to quantify that loss and, at other times, it will require some forensic work or expert assistance to establish just how much money has been lost or how much should have been gained had the professional’s advice not been negligent.
Professionals often have insurance which will cover them for claims of professional negligence. However, that is not always the case and it is sometimes necessary to review and consider the implications of an insurer’s attempt to avoid cover.
Embarking on a claim is as much about understanding and using the process as it is working out the ingredients of a claim. There are specific rules about what should happen before a professional negligence claim is issued in Court. Those rules aim to encourage the parties to consider settlement before the formal Court process begins, and there are penalties for non-compliance.
How our solicitors can assist with professional negligence claims
Our team of specialist solicitors are experienced in all types of professional negligence claims. They are quick to get to the issues that really matter and they are incisive in their valuation of the claim, the assessment of the chances of success and the timescales and costs involved. They will guide clients through the correct procedures, always advancing the strongest possible case and looking for the best way of resolving the issues.
Our team is willing to look at alternative funding arrangements, such as Conditional Fee Agreements (No Win, No Fee) or Damages Based Agreements.
Experienced in negotiations, mediations and arbitrations, as well as Court advocacy, our team works hard to get the right result as quickly and inexpensively as possible. The team is also recommended by the independently-researched publication, The Legal 500, as being one of the top teams of experts in the country.