Expert Professional Negligence Lawyers in London with 98% success rate
We are a leading City of London law firm dedicated to providing exceptional legal representation to businesses and individuals seeking compensation for professional negligence from insolvency practitioners who failed to comply with their duties. We are experts in professional negligence claims, and insolvency disputes. Our lawyers and specialist mediators have a high success rate of around 98% in settling negligence claims.
We strive to achieve successful outcomes quickly and cost-effectively to recover your compensation: this is our promise.
Negligence claims against Insolvency Practitioners
Insolvency Practitioners (IPs) have a critical role in the UK economy and business sector, particularly when it comes to the closure of businesses. Given the importance and sensitivity of their role, they are subject to strict professional standards.
IPs are highly regulated to ensure that they adhere to best practices and statutory requirements. For example, in the UK, IPs are overseen by bodies like the Insolvency Practitioners Association (IPA) and the Institute of Chartered Accountants in England and Wales (ICAEW). These organisations ensure that practitioners maintain the high standards expected of them and offer avenues of redress should they fall short.
To safeguard creditors and other stakeholders, insolvency practitioners are required to maintain Professional Indemnity Insurance (PII). This insurance protects professionals, including IPs, from bearing the full cost of defending against a negligence claim made by a client, and damages awarded in such a lawsuit. The insurance policy will also cover your legal costs of bringing the professional negligence claim.
Insurers have paid out over £2 billion to clients in professional negligence claims over the last 10 years. If you feel you have been the victim of negligence from an insolvency practitioner and have suffered loss, our award-winning professional negligence team can help recover compensation from insolvency practitioners, receivers, administrators and other insolvency professionals.
Our lawyers can also pursue a regulatory complaint about an insolvency practitioner to the Insolvency Service (Complaint Gateway) and other bodies.
Common Examples of Insolvency Negligence
There are several common examples of professional negligence against insolvency practitioners such as:
- Failure to comply with statutory duties
- Sale of asset at an undervalue
- Failure to recognise or pursue antecedent transactions i.e. void transactions, preference or undervalue transactions
- Failing to pursue claims in time
- Excessive fees
- Sale of assets an undervalue
- Delays causing loss to creditors
- Conflicts of interest
- Inadequate investigations
- Failures by administrators in the running of a business causing a worse position for the company and creditors
Case Example – Successful Professional Negligence Claim
Our professional negligence lawyers acted for a construction company that purchased the freehold of a property located in London. However, the conveyancing solicitors acting in the property purchase failed to properly alert our client and advise that there were restrictive covenants which significantly affected the freehold reversion value of the property.
Our lawyers were instructed by the construction client and successfully settled the negligence claim during the pre-action phase as the insurer’s solicitors sensibly admitted liability early without court proceedings having to be issued by our client.
The claimant client left the following feedback for our lawyers:
“Very satisfied with the way that Karim and his team took hold of a messy conveyancing professional negligence claim, and progressed it through to an amicable settlement in just over 6 months. Professional, courteous, knowledgeable, and also pragmatic with advice and strategy. I would not hesitate to recommend.”
Winning Approach to Professional Negligence Claims
Our professional negligence lawyers have dealt with negligence claims ranging from £50,000 to claims of up to £15m. We pride ourselves on our client-centric and results-driven approach, tailoring our litigation strategies and funding solutions to meet the unique commercial needs of each client.
Our lawyers are recognised among the best lawyers in England & Wales, and have regularly been asked and featured to write authoritative articles in the Financial Times, Law Society and LexisNexis and have been quoted in City AM, the New Law Journal, Law Society Gazette and Litigation Futures.
Our specialist professional negligence team is Partner-led to provide straightforward, honest and strategic advice. We also have a strong legal network of solicitors, barristers and forensic accountant experts to call upon and advise you throughout to ensure you get the best result.
Our unique approach to insolvency professional negligence claims means that we will:
- Arrange a Free Consultation with you & a qualified lawyer to discuss your insolvency negligence claim
- Arrange a WhatsApp group with you & your legal team
- Investigate the merits of your claim & devise a strategy for success at the outset
- Work with our in-house accountants to report all losses
- Send documents easily through our secure client portal, Go Transfer
- Advise you on any judgments & tactics that have proved successful in other insolvency negligence cases
- Assess the amount you may be able to recover from the negligent professional
- 24/7 chat feature with a qualified lawyer
- Fixed fees & “no win no fee” arrangements so that you have peace of mind
- Work hard to recover adequate compensation
Our lawyers offer regulated, independent & confidential legal advice and are dedicated members of the Professional Negligence Lawyers Association, the London Solicitors’ Litigation Association, the Association of Cost Lawyers, the Insolvency Lawyers Association and the Commercial Litigation Association.
Mediation in Negligence Claims
Alternative dispute resolution, where suitable, provides many advantages for parties in legal disputes. Our lawyers are strong advocates for mediation, which can often lead to favourable settlements.
Several of our lawyers are trained mediators and expert negotiators who are registered members of the Chartered Institute of Arbitrators (CIArb) and the International Mediation Institute. Our expertise in mediation gives our lawyers a significant and unique advantage when navigating settlement discussions on your behalf.
Fixed Fees & Flexible Funding Options
We provide flexible funding options including fixed fees and ‘no win no fee’ arrangements to pursue your professional negligence claim.
Whether you are an individual or a business, we provide exceptional legal services to get you the compensation you deserve quickly and cost-effectively: this is our promise.
To book a Free Consultation with our expert professional negligence lawyers, you can call us on 0207 459 4037 or you can use our booking form below.