Has the tide turned on the extent of losses that can be claimed against Solicitors?

In a unanimous decision in the case of Gabriel v Little and BPE Solicitors LLP the Court of Appeal has reinforced the recent run of decisions against Solicitors limiting losses to the consequences of a solicitor’s “information” (as per Lord Hoffman’s categorisation in Saamco) being wrong. Despite cases such as Portman BS v Bevan Ashford where full losses for the entire transaction were awarded, the Court of Appeal now appears to be slow to allow full losses. In this case the Court of Appeal was content to follow the Saamco ratio in relation to Solicitors; the loss must flow from the breach of that duty otherwise losses will not be recoverable. Read our full article here.