1489
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| There is nothing per se improper with a lawyer borrowing money from a client, as long as there has been full and adequate disclosure, the transaction is not "unconscionable, unfair or inequitable when made" and "all doubts regarding the sufficiency of the disclosure [are] resolved in favor of the client." It would be improper for a lawyer to repay the loan by undisclosed credits applied to the client's bill. [Under Rule 1.8(a), a lawyer may not enter into a "business transaction" with a client unless the client is given an opportunity to seek independent advice, and there has been full disclosure and consent in writing.] |