Legal and Accounting Malpractice–Growth Areas?

According to the NLJ, lawyers and accountants are increasingly being sued by bankruptcy trustees for malpractice (in connection with misrepresenting a bankrupt company’s true financial position.) In Boston, we are still waiting for a wave of bankruptcy and litigation to replace the heavy deal flow that was fueling law firm profits for the past several years. It hasn’t happened yet, though bankruptcy practice is on the rise in New York. Could this signal a new wave of litigation?

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