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A new instruction from a key client. Big money at stake. But while your client is singing your praises, beware of being blamed if the deal later turns sour.
Mega deals do bring mega claims, and the fallout is always costly. For firms, even a spurious lawsuit threatens their reputation, client relationships and bottom line. For the advisors themselves, their careers are rudely interrupted by allegations of negligence. They feel as if they are on trial, and in some cases they will be.