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Firm loses malpractice coverage due to ‘scheme’ (access required)

‘Business exclusion’ clause is applied

A new business client comes in. He has a great idea, a real moneymaker. He needs a lawyer to help him get his business up and running. The client’s excitement is contagious. Pretty soon, the lawyer wants a piece of the action. He decides to invest in the business. Tread carefully if you head down this path. ...