Financial & Legal News

You Get What You Pay For

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The Court of Appeal has handed down a decision which should give considerable pause for thought to anyone who is tempted to use a 'law shop' or similar provider rather than a qualified and experienced firm of solicitors to handle their affairs.

The case was, in principle, simple. The woman who brought it was unhappy with the financial settlement she received on her divorce and considered that the firm which had acted for her with regard to it had been negligent in not advising her that she should not have agreed to the settlement offered.

The decision in the case ultimately depended on the contract between the woman and her advisers. In the view of the judge, and subsequently the Court of Appeal, the firm's retainer was limited in scope and dealt with the formalities of the agreement only. They did not have the wider duty to the woman to advise her on the wisdom or otherwise of accepting the settlement.

Please note that the information and opinions contained in this article are not intended to be comprehensive, nor to provide legal advice. No responsibility for its accuracy or correctness is assumed by Pearson Solicitors and Financial Advisers Ltd or any of its members or employees. Professional legal advice should be obtained before taking, or refraining from taking, any action as a result of this article.

This blog was posted some time ago and its contents may now be out of date. For the latest legal position relating to these issues, get in touch with the author - or make an enquiry now.

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