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Testifying in court is every advisor’s worst nightmare, yet liability claims are brought against even the best professional firms. The fallout is always costly: every lawsuit harms the firm’s reputation, client relationships and bottom line. For the ‘accused’ advisors, even a baseless claim threatens their professional success. However, few of the lessons are shared with practitioners.
Through original stories drawn from his 20 years as a defence lawyer for top-tier firms, Shaun Tracey offers a rare insider’s perspective on why advisors are sued, the staggering costs and how to mitigate these risks. How did a billion-dollar claim arise from a single mistaken word? What are the three main reasons clients sue their advisors? And how can you safeguard against scapegoat claims?
Whether you are a lawyer, accountant or other professional advisor, The Advisor’s Minefield is the indispensable guide to protecting your practice.
