Legal malpractice can occur when an attorney’s action or inaction is negligent, or advice of the attorney causes damages. This can include the attorney failing to file a lawsuit within a certain period of limitations or failing to meet deadlines. The attorney may be liable in certain situations as an intended beneficiary or third party. An attorney may be liable for:

  • Mishandling client funds
  • Engaging in unfair dealing
  • Failing to comply with filing deadlines
  • Breaching the duties of loyalty or confidentiality
  • Failing to charge a client with fee agreement
  • Fraud
  • Failing to follow reasonable client instructions

Accounting malpractice occurs when an accounting professional improperly performs the duties of that profession. According to the Accounting Code of Conduct, Certified Public Accountants (CPAs) are bound by a set of professional standards and must adhere to the regulations and guidelines of their industry. If they do not, they can be held responsible for these types of malpractice cases:

  • Failing to provide correct tax advice
  • Giving erroneous advice regarding accounting matters or committing inventory errors
  • Failing to properly audit financial statements or detect defalcations
  • Inability to comply with GAAP and GAAS standards
  • Accounting malpractice due to fraud, including tax investment cases, securities fraud, and CPA license fraud
Malpractice-Legal, Accounting, Architects
Alexander Loftus settled a legal malpractice claim on behalf of a woman whose life savings was lost because her real estate attorney attorney negligently allowed his email account to be compromised by a phishing attack for 100% of his client’s loss.