Lawyeringlaw.com Tip of the Month

Tip for November 2009

Invest In or With Clients Only With Extreme Caution

Lawyers and law firms should invest in or with a client only with extreme caution and only after making the necessary disclosures required by the ethics rules pertaining to conflicts of interest.  Investments such as these implicate issues of conflicts of interest in connection with the investment, the reasonableness of a fee when a fee is paid by giving the lawyer or law firm an interest in the client organization, and conflicts of interest in connection with future representation.

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