Statutes of Limitations can also be a dangersous slope.  I am not a lawyer and invite the JDs to chime in, but "trigger" is a big issue in tolling a Statute.  When a party gains knowledge of negligence or malfeasance is not always cut and dry.  
   
  If a party does not know that a law firm has committed malpractice until five years after the closure of a deal, the staute might actually start then rather than at the close of the deal.  
   
  Again, I invite our noble colleagues with law degrees to chime in here anytime.




Doug Smith
Records Manager
Wiley Rein & Fielding LLP
1776 K Street, N.W.
Washington, D.C.  20006
(202) 719-4455
Opinions expressed are my own and not necessarily my employers.
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