Bassford Remele is a full service litigation firm located in Minneapolis, Minnesota. Founded in 1882, the firm represents local, national and international clients in all areas of civil litigation and dispute resolution.
The Minnesota Supreme Court recently held that in a legal malpractice case arising out of a transactional matter, the plaintiff must show that but for defendant attorney’s conduct, the plaintiff would have obtained a more favorable result in the underlying transaction than the result obtained.
Plaintiff hired the defendant law firm to represent it in the purchase of real estate. Plaintiff intended to subdivide the property and develop it for resale. The purchase agreement drafted by defendant included a buy-back option in the event plaintiff failed to develop the property within two years. The closing documents drafted by seller’s attorney did not include the buy-back option. Defendant law firm did not research whether the buy-back option survived closing and did not inform plaintiff that the buy-back option could create a cloud on the title.
The Minnesota Supreme Court rejected that idea, holding that in an action for legal malpractice arising out of representation in transactional matters, the plaintiff must show that but for defendant’s conduct the plaintiff would have obtained a more favorable result in the underlying transaction.
Bassford Remele, A Professional Association, is a full-service litigation firm located in Minneapolis, Minnesota. Founded in 1882, the firm represents local, national and international clients in all areas of civil litigation. The Bassford firm is a community of experienced and committed trial lawyers who embrace a professional approach to the practice of law, providing the highest level of legal expertise and advice.