Attorney Malpractice—Evidently Crime does pay

January 5, 2017

Attached is Money’s list of the top 20 richest Lawyers.  A few of  the top richest lawyers have been disbarred and/or may have gone to prison.  But if you do not mind being disbarred or going to prison, a few of these attorneys near the top of the list show that crime does pay.   At #1 is Richard Scruggs, estimated worth is $1.7 Billion.  Even though he went to federal prison for 6 years, he seems to have retained his money.   At #4 on the list is William Lerach worth an estimated $900 million.  He was disbarred in 2009 over a kickback scheme.  

Needless to say tough to come up with an attorney malpractice policy that would provide coverage for what they did, but likely they did not care about coverage.

In fairness most of the other attorneys on the list are just good at what they do and provide valuable services as attorneys and business executives.

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