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The valuation of a claim is an important part of a solicitor’s role. It can determine how much a claim is settled for, and ultimately how much compensation you receive as a result. If a solicitor is negligent in valuing a claim, it may either not proceed as it should have done or it may settle for a sum below what it is really worth.
There are many ways a solicitor could undervalue a claim, causing it to settle for less than its worth. This includes mistakes made by less qualified staff who are handling the claim or failure to instruct appropriate medical professions to give their opinion on injuries sustained.
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In general you have six years from the date of neglect or omission to act to make a professional negligence compensation claim. However, there are some exceptions to this rule for instance you may bring a claim within 3 years of the date you could be said to have become reasonably aware of the alleged negligence. This time limit is referred to a limitation period.
It is important to speak to a legal team as early as possible to avoid any issues with limitation dates.