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Hastings law cracks down on private influence of law firms
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Hastings law cracks down on private influence of law firms
SPRINGFIELD — State Senator Michael E. Hastings led the way on a new law to safeguard the professional independence of attorneys and protect clients from undue influence by private equity investors, hedge funds and investor‑backed management services organizations. “This bill is about one simple truth: Illinois clients deserve attorneys who are loyal to them, not to some distant investor chasing a quarterly return,” said Hastings (D-Frankfort). …
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