Engagement Letters: Four Key Terms to Reduce Risk

Recent statistics from the ABA’s Standing Committee on Lawyers’ Professional Liability reveal that legal malpractice claims are becoming more expensive to defend and settle. Therefore, it is beneficial for practitioners to take steps to reduce the likelihood of claims for legal malpractice. One of the best tools an attorney can use to minimize the likelihood and severity of a later claim is a well-drafted engagement letter entered into at the beginning of a representation.