Solicitors’ Failure To Issue Proceedings Prior To Limitation Expiring

The clients were pursuing a multi-million-pound claim against a large bank. Their solicitors had entered into several Standstill Agreements to suspend the limitation period. However, when these Standstill Agreements expired, the solicitors failed to advise the clients that a Claim Form needed to be issued to preserve the claim. As a result, the clients lost the opportunity to continue pursuing their claim.

Our professional negligence team represented the clients in bringing a professional negligence claim against the solicitors for the loss of opportunity to pursue their multi-million-pound claim against the bank.

At the close of pleadings, a mediation was held, and shortly after, the claim was settled on favourable terms.

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