NEW YORK, NY, USA, October 4, 2018 /EINPresswire.com/ — The risk of malpractice has skyrocketed for law firms and attorneys who specialize in real estate transactions, so much so that it has actually become the #1 practice area for legal malpractice claims.
In a first-of-its-kind industry white paper, Track With Ease LLC, a legal practice management software provider based in New York, has compiled and documented the trends in malpractice risks facing real estate law firms. In addition, the paper offers recommendations on how to minimize those risks and mitigate any damage that might have already occurred.
“If you’re doing a lot of real estate law, or closing real estate transactions, you face a multitude of operational and legal risks, which most attorneys simply are not aware of. Our goal was to help attorneys understand where they face the most exposure and cut it exponentially,” said Chander P Singh, Esq., a veteran real estate attorney and CEO and co-founder of Track With Ease.
The white paper highlights the top 10 areas of risk in the real estate legal market that comprise almost 1 in 5 of all malpractice claims, according to research by the American Bar Association. Employing comprehensive legal practice management software is one of the keys to reduce that risk, which, in turn, can reduce your malpractice insurance premiums.
The white paper is available for free download for attorneys and paralegals at https://www.trackwithease.com/wp-content/uploads/2018/10/TWE-malpractice-2019.pdf
Source: EIN Presswire