Commercial | Tax
This large category spans such areas as general corporate and contractual advice, large mergers and acquisitions, tax advice, non-litigious employment law advice and sales of businesses, both large and small. Claims arising out the commercial/corporate area typically account for 20-30 per cent of LPLC’s total claims cost in a given year.
Legal work in this area often relates to high value transactions, meaning that claims can be large. Retainers are frequently complex and subject to change.
Tax issues can arise in nearly all areas of practice. We often see claims where a practitioner without sufficient experience or expertise has given incorrect advice on a tax issue. In a number of other cases, the practitioner simply failed to realise there was a tax issue that needed to be addressed. Claims relating to GST are dealt with under a separate GST section.
LPLC have many resources intended to help practitioners understand the risks attaching to the different types of work that fall under this broad category. Please choose a resource from the menu.