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.

The posting on this site are mere OPINIONS and NOT statements of fact in any way whatsoever. The information should not be relied upon and there have been no findings made against the firms or individuals referenced on this site. In addition, this Blog is made available for educational purposes only and incorporates information from the web as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this blog site you understand that there is no attorney client relationship between you and Stoltmann Law Offices (10 S. LaSalle, Suite 3500, CHICAGO, IL 60010, 312.332.4200). The Blog opinions should not be used as a substitute for competent legal advice from a licensed professional attorney in your state. PLEASE NOTE THIS IS ADVERTISING AND IT IS NOT A NEWSPAPER ARTICLE OR POST FROM AN INDEPENDENT OR NON-BIASED, NEWS SITE, NEWS SOURCE OR NEWSPAPER.