Charles Fussell & Co LLP has been instructed to act for a private individual who alleges he has been the victim of professional negligence by his former solicitors in connection with security over land for a loan – not once but twice.
Our client will allege that his first set of solicitors failed to advise him about his rights under an existing development agreement and then failed to achieve any security for a loan in excess of £800,000 which he believed was secured and which he made to a business associate who promptly failed to repay that loan and then disappeared. He will then say that his second set of solicitors, on being instructed to perfect his security, failed to take any effective steps to do so before a third party achieved better security over the land in question.
The case will raise questions about the scope of a solicitor’s duty to his client to advise on business matters and will be of interest to all who have lost out as a result of poor professional service.
Charles Fussell & Co LLP has instructed Michelle Stevens-Hoare of Hardwicke Chambers.