100 years + of collective legal malpractice experience

The financial impact of legal malpractice

by | Apr 29, 2019 | Legal Malpractice |

From time behind bars to a shattered reputation, legal malpractice can bring many consequences. However, the financial consequences of legal malpractice can be especially significant, and many people in Florida have suffered in this manner. Not only do some people have a hard time with court-imposed financial penalties and legal fees, but there are other ways in which legal malpractice can adversely affect someone from a financial point of view. For example, the outcome of a case may have a damaging impact on their career, and they may need to look for work in a different field that pays much less.

When it comes to legal malpractice, every situation is different. Sometimes, the financial consequences of a legal professional’s misconduct are relatively minor, while other occurrences of legal malpractice may be absolutely devastating. For example, someone may be pushed to close their business as a result of legal malpractice, or they may find themselves buried in debt. These financial challenges can create lasting problems that disrupt someone’s life, leading to depression, divorce and a host of difficulties that could have been avoided if a legal professional would have done his or her job properly.

People often turn to legal professionals with a considerable amount of trust, and when this trust is breached it can be very hard to move forward. However, those who fail to abide by their responsibilities as a legal professional must be held responsible for the damage that they have caused, in terms of the financial effects of their behavior and in other ways.