Whenever lawyers hear the word “diligence,” most automatically think about the research that is done prior to entering a business transaction, especially a merger or acquisition. How many of us are aware, however, that diligence in our profession is an ethical mandate that far exceeds pre-transaction research? In fact, diligence is the third rule in the ABA Model Rules of Professional Conduct: "Rule 1.3 Diligence: A lawyer shall act with reasonable diligence and promptness in representing a client."
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