Overview

With the severity of the recession beginning to bite across the profession, law firms and their insurers are naturally concerned about the claims and losses that may be coming their way. This article looks at one of the areas under scrutiny: pensions.

Why are claims on the increase?
Pensions is a highly technical and heavily regulated area. As such, trustees and employers are seeking more legal advice and are more reliant upon it. Where losses are incurred (as in the current economic climate), clients tend to pore over the advice they have received and are more likely to take a robust view if there have been errors.

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