THE ADVISOR'S MINEFIELD: WHY PROFESSIONAL FIRMS ARE SUED & HOW TO PROTECT YOUR PRACTICE

“No further questions, Mr Lord.” Testifying in court is every advisor’s worst nightmare, yet liability claims are brought against even the best professional firms. The fallout is always costly: every lawsuit harms the firm’s reputation, client relationships and bottom line. For the ‘accused’ advisors, even a baseless claim threatens their professional success. However, few of the lessons are shared with practitioners.

Through original stories drawn from his 20 years as a defence lawyer for top-tier professional firms, Shaun Tracey offers a rare insider’s perspective on why advisors are sued, the staggering costs and how to mitigate these risks. How did a billion-dollar claim arise from a single mistaken word? What are the three main reasons clients sue their advisors? And how can you safeguard your practice against scapegoat claims?

Whether you are a lawyer, accountant or other professional advisor, The Advisor’s Minefield is an indispensable guide to protecting your practice.

SHAUN TRACEY practises law at Campbells LLP and acts as defence counsel to leading professional firms in high-value liability lawsuits. As an author and speaker, he provides expert training to help firms avoid litigation. Shaun is also a Candidate Master in Chess and the founder of a national Chess in Education programme that teaches STEM subjects through Chess. Accordingly, 10% of net book sale proceeds will be donated to Chess in Education charities.