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Risk Management Tools

"SPAC" Clients Pose Unique Risks for Law Firms: Lessons Learned from Defending Lawyers in Malpractice Cases

Representing the sponsor of a “Special Purpose Acquisition Company” or “SPAC” poses unique risks to law firms. SPACs have been around for decades but recently have become an increasingly popular investment vehicle, leading some to call 2021 “the year of the SPAC.” In this article, we explain what SPACs are and why representing their sponsors may pose risks for law firms and lawyers.

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Avoiding Liability as a Trustee

Attorneys routinely accept the responsibility of serving as a trustee and then find themselves as the custodian of a significant sum of money. Naturally, to avoid running the trust dry, the attorney-trustee now must become an investor. The responsibility of being a trustee carries with it multiple duties. Explore the different duties a trustee takes on as well as some best practices for avoiding liability.

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Lawyers’ Duties Regarding Legal Files After a Client’s Death

Courts uniformly have held that the attorney-client privilege survives the death of a client. Various courts and ethics opinions have also analyzed a lawyer’s responsibilities to former clients to preserve confidential information after the representation concludes. Download this article to read more about lawyers' duties regarding legal files after a client's death.

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Spyware, Schemes and Sticky Fingers: Reacting to Client Misconduct

A client’s past misdeeds are rarely a dealbreaker for an attorney-client relationship. Every day, lawyers help clients address the consequences of illegal conduct and analyze the legal aspects of questionable conduct. These discussions are consistent with a lawyer’s ethical responsibilities. This article explores situations where client misconduct pits an attorney’s duties to a client against duties owed to courts, third parties, and the general public.

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