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When Lawyers and Law Firms Invest in Their Corporate Clients' Stock

Abstract

I am not convinced that lawyers’ investments in clients in lieu of fees are problematic enough from a conflicts standpoint that the rules of professional responsibility should treat them as presumptively inconsistent with the lawyer’s fiduciary responsibility.

Keywords

Corporate lawyers, Stock options, Legal ethics, Insider trading in securities, Law firms

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Authors

Donald C. Langevoort (Georgetown University Law Center)

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