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By ALM Staff | Law Journal Newsletters |
August 13, 2003

Professional liability insurance rates for attorneys at large firms ' currently averaging $4,000 to $10,000 per lawyer ' are likely to rise 35 to 75% in the next year, some experts say.

Smaller firms, which often participate in pooled insurance plans, will more likely see increases from 25 to 30%. The less drastic increase for these firms would reflect their lower litigation risk, according to Anthony Davis, a New York-based partner at Chicago's Hinshaw & Culbertson. Davis specializes in professional liability issues.

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