A survey has revealed that property professional negligence claims are behind more cases of professional negligence litigation against legal firms than any other type of claim.
According to the survey, one of the major reasons for this is the growth in conveyancing “factories”, which have abounded ever since the introduction of the Legal Services Act 2007. This piece of legislation was revolutionary in that it allowed non-lawyer firms to provide legal services. However, it has clearly come at a cost, with unqualified conveyancers thought to be behind a high number of property professional negligence claims.
Furthermore, Searchpoint, which carried out the survey, expressed concern that, as the conveyancing market picks up following the recession and a period of relative inactivity, firms that made cut-backs will find themselves under pressure and understaffed.
Searchpoint also predicted that fracking could have a significant impact on property professional negligence claims over the coming years, with a government report suggesting that house prices may be affected by as much as 7 per cent in areas where fracking occurs.
For more than thirty years, Healys’ lawyers have been providing clients with authoritative and effective legal representation. Our professional negligence team can help you secure full sums for any economic loss caused by the negligence of a surveyor, estate agent, valuer, or investment advisor.
If you have suffered financial loss because of the negligence of a conveyancing or property solicitor, find out more with Healys today .