How a client perceives a lawyer’s role in a transaction often depends on the client’s experience. At one end of the spectrum, a new homebuyer may believe that the lawyer will not only navigate the process, but will also personally shield the client from all risks. At the other extreme, a sophisticated businessperson may urge a lawyer to “rubber stamp” a deal the client has brokered. The wise lawyer will, however, refuse to be either insurer or pawn.
When it comes to doing due diligence − and specifically, making decisions about searches − the safest approach is follow the client’s . . . [more]