Paying a consultant is usually well worth the investment, but sometimes paying a consultant may seem like a complete waste of money. What do you do if your consultant has made a mistake? And what do you do, as a consultant, if you receive a professional indemnity claim?
We have more than 20 years of experience in conducting cases concerning professional liability, often on behalf of consultants. Our core practice areas are lawyer liability and accountant liability. We are among the leading specialists in these areas. In the aftermath of the global financial crisis, we have also handled several liability cases relating to advice given by banks, particularly on interest rate swaps and foreign currency loans, as well as liability cases involving estate agents and issuers of prospectuses.
In consultant liability cases, the claimant will often either obtain an opinion from a relevant specialist board or an expert opinion to document that the consultant has failed to observe professional standards and thus incurred liability.
Consequently, the questions asked and how they are asked may have a significant impact on the outcome of the case. By ensuring the right wording of the questions, we often succeed in tipping the case in our client's favour.
We conduct liability cases before all relevant bodies. Most cases concern claims for damages and are conducted before the courts, but we also handle appeals before professional appeal bodies such as the Danish Complaint Board of Banking Services. We also assist in disciplinary proceedings before bodies such as the Disciplinary Board of the Danish Bar and Law Society and the Disciplinary Board on Auditors.
If disciplinary proceedings are brought against you as a consultant, we recommend that you obtain professional assistance as a disciplinary case in which the consultant is found to have breached professional standards often leads to subsequent action for damages against the consultant.