Professional Negligence

Our solicitors have experience in acting for claimants in claims against professionals including accountants, lawyers, actuaries and investment fund managers. We also have experience of defending professional services firms in investigations and prosecutions by professional bodies such as the Institute of Actuaries, the FRC and the Institute of Chartered Accountants. Many of the claims on which our lawyers have acted have been high-value and some have involved novel or unusual points of law.

Our aim is to resolve cases swiftly where possible, making successful use of the procedures set out in the Professional Negligence Pre-Action Protocol. Cases are sometimes resolved early through the use of Part 36 offers as well as through negotiations, whether face-to-face or with the assistance of an impartial mediator.

Examples of some of the cases on which our lawyers have been involved include acting:

  • For a high-profile trustee against a top 30 City of London law firm in connection with issues arising from that firm’s conduct of complex international litigation;
  • For a variety of parties against law firms relating to negligence in advising on and drafting transactions;
  • For various companies (including a UK plc) against the “big four” firms of accountants in relation to claims arising out of negligence in respect of the audit of the accounts and the preparation of a working capital review;
  • In a substantial claim against a hedge fund manager in relation to negligent mismanagement of the investment portfolio; and
  • For an oil trading company in a substantial professional negligence claim against its former solicitors, in which the allegation was that the solicitors negligently allowed the claim to become time barred.