We have represented accountants and lawyers in professional services liability cases nationwide.

Our team has represented accountants in securities litigation, malpractice claims, other sorts of litigation and administrative proceedings. Our clients include large accounting firms, smaller firms and individual accountants.

We have also represented some of the nation’s largest law firms in complex, high-exposure cases involving claims arising from attorney conduct of trials, real estate transactions, private employment matters, fee disputes, commercial transactions and bank representations.

While our legal malpractice trial attorneys are well versed in the litigation management requirements of today’s insurers, a substantial part of our professional liability defense work involves direct representation of national and regional law firms. We typically defend claims for our lawyer clients and firms that range in size from hundreds of thousands to tens of millions of dollars. Our client firms are based throughout the Middle Atlantic region and across the country.

Our professional liability team includes the former chairman of the American Bar Association’s Section of Litigation and its Standing Committee on Ethics and Professional Responsibility, members of the American College of Trial Lawyers and New Jersey Supreme Court Certified Civil Trial Attorneys.

Professional Services Liability

Our team has represented lawyers and some of the largest law firms in the country on a wide range of professional services liability matters.

We have also represented accounting firms and accountants for many decades. Our professional liability representations of accounting firms and accountants include:

  • An accounting firm that resigned mid-audit. The firm’s client sued, claiming that the resignation destroyed the client’s business. We first forced the claim to arbitration pursuant to an alternative dispute resolution provision in the engagement letter, and then represented the accounting firm in a 26-day trial, staged over 16 months.
  • A firm in a suit brought by the Commissioner of Insurance of the State of Vermont seeking to recover damages for a failed insurance company and asserting that the accountants should have concluded that the insurance company was insolvent.
  • A firm in a suit brought by the Commonwealth of Pennsylvania as the liquidator of a failed private bank.
  • A Canadian chartered accountant in a federal RICO suit filed in Delaware Chancery Court.
  • Malpractice claims stemming from accounting advice related to complex structured transactions involving special purpose entities.
  • A large accounting firm in a malpractice suit brought by a disgruntled tax client. 
  • An accounting firm in a malpractice suit brought by a client who claimed that the firm should have uncovered embezzlement by its corporate controller.
  • A firm in connection with claims by a class of purchasers of stock in a failed Canadian gold refiner.  Plaintiffs claimed that the auditors should have discovered the fraud.
  • Another firm against a claim that the accountants gave improper tax shelter advice to the executive officer of a Fortune 500 company.
  • A firm in a proceeding to determine whether the accountants would be permitted to continue to practice before the SEC.
  • A firm with respect to claims by the Resolution Trust Corporation that the accounting firm should be held responsible for losses resulting from the failure of one of the largest savings and loan institutions in the United States.
  • A firm before the New Jersey Casino Commission to obtain necessary approvals to audit an Atlantic City casino company.

Selected as a leading law firm for commercial litigation

Chambers USA - 2015

Recommended for litigation

Benchmark Litigation - 2015