Chicago Attorneys for Breach of Fiduciary Duty Between Lawyer and Client
If you are involved in a dispute regarding a breach of an attorney’s fiduciary duty in Chicago, you need to speak with an experienced attorney about your case. Contact us today at (855) 328-5787 to talk with a Peck Ritchey, LLC Chicago breach of fiduciary duty lawyer. Regardless of which side of the dispute you are on, we can help you navigate this difficult time.
What Are Fiduciary Duties?
The term “fiduciary” refers to a relationship that is built on trust. In the case of a relationship between a lawyer and a client, the attorney has a duty to act in the client’s best interest. This contractual relationship includes putting the client’s interests ahead of their own, maintaining confidence, acting competently and in good faith, and being candid and honest with the client.
As a client, you have certain expectations of your attorney based on this explicit contractual relationship. For example, they must have the capacity to deal with your legal matters. In addition, you need to be able to communicate with them openly and honestly.
When you share confidential and private information with your lawyer, you, as the client, are trusting that your lawyer will hold anything you share with them in confidence. In turn, your attorney can trust that they have all the relevant facts that they need to build your case and represent you effectively. This duty of confidentiality does not end when your case is resolved. Instead, it continues even past this point in time.
In a relationship between a lawyer and a client, there is a high standard of disclosure, honesty, and loyalty. A person in the relationship may not exploit the situation for their own benefit. Stated another way, they may not profit from the arrangement if that profit is at the expense of the other person.
What Is a Breach of Fiduciary Duty?
A breach of this obligation occurs when a party in the contractual relationship fails to uphold their trust-based duties. The breach could be related to various aspects of fiduciary duty, such as confidentiality or acting in a client’s best interest. It could also involve acting carelessly or negligently in handling a legal case. If you have suffered losses that you believe might be a result of a breach of fiduciary duty in a lawyer and client relationship, you may be able to take legal action to pursue compensation.
Breach of fiduciary duty could lead to a lawsuit for legal malpractice or a complaint against the lawyer. Because of this, it’s critical to take a breach of fiduciary duty case seriously from the beginning.
How Do I Prove a Breach of Fiduciary Duty?
If you have an existing contractual relationship with a lawyer, the stakes may already be high. There could be thousands or millions of dollars on the line. You may be wondering if you have a case for breach of fiduciary duty. This involves proving that:
- A clear fiduciary duty was established — This can often take the form of the executed contractual agreement between attorney and client.
- A breach of this duty occurred — You must be able to prove that fiduciary obligations were not upheld, either by a person’s action or inaction. This may include situations such as conflicts of interest, violating confidence, or withholding information.
- You have suffered losses — You must have sustained some type of measurable loss, such as a financial or material loss.
- Your losses were caused by the breach of duty — You must establish a connection between the breach and your losses. You would not be able to pursue compensation for any losses that are unrelated to the breach of fiduciary duty.
All of these aspects must be proved in order to pursue compensation for breach of fiduciary duty.
Do I Need an Attorney?
The process of litigation related to a breach of fiduciary duty can be complex and time-consuming. There is a significant amount of documentation that needs to be collected and analyzed as evidence. You need someone who has the experience and resources to build a strong case on your behalf.
You may be wondering about the potential costs involved and whether it is worth it to hire an attorney. Each case is unique and depends on many factors. However, it is often the case that failing to take legal action can cost you more money in the long run. Because of this, you should discuss your case with an attorney before you make decisions that can have a lasting impact on your future.
Why Choose Peck Ritchey, LLC?
We know that this can be a frustrating and confusing time. You need someone who has proven they deserve and will maintain your trust. Peck Ritchey, LLC has repeatedly earned the trust of our clients by doing what we say we will do.
Our lawyers have more than 100 years of experience that we will bring to building your case. We understand the implications of a breach of fiduciary duty, and we know that a breach would affect your affairs in a unique way. At Peck Ritchey, LLC, the initial consultation is always free for potential clients. We realize that you may have many questions as you deliberate about your next steps. Our attorneys will gladly answer these and address any concerns you may have during the consultation.
Contact Peck Ritchey, LLC Today
If your trust and confidence have been betrayed in a lawyer and client relationship in Chicago, it can be tough to know where to turn. Our lawyers have built our firm’s reputation on professionalism and trust. Call us now at (855) 328-5787 to discuss your case with a Peck Ritchey, LLC breach of fiduciary duty attorney. You can also submit a contact form, and we will be in touch as soon as we are able. Call us today.