The plaintiff sued his former family lawyer for professional negligence arising from the drafting of a marriage contract.
He alleged the solicitor failed to advise him about a potential 'downside' or catastrophic change clause that would have protected him if his wealth declined during the marriage.
After the marriage ended, the contract was enforced and the plaintiff paid substantial sums to his spouse, which he claimed constituted damages caused by negligent legal advice.
The court found the solicitor had adequately explained the operation of the Family Law Act and equalization and met the standard of care of a reasonably competent solicitor.
The court also held that even if negligence had been established, the plaintiff failed to prove causation or damages, including claims relating to lost investment opportunities.
