When I was a young lawyer I was asked by an attorney to work on his defense to ethics charges that in part stemmed from his practice of loaning money to clients that he represented in tort cases. I wrote a thesis on the subject that became part of a relatively effective Supreme Court brief..
The Coloradoan reports on a local attorney who lent money and discovered that the client's gratitude went only so far (with acknowledgement to the ABAJournal.com:)
As required by the rules of professional conduct, Fischer disclosed to the woman the risks of entering into such an agreement with her lawyer. But attorney regulators say, and Fischer admitted, that he didn't give her additional disclosures when she borrowed more and more money, eventually signing over the deed to her house after borrowing more than $23,000 from the business he co-owns.
Gleason said: "Anytime a lawyer is involved in a business transaction with a client, it's perilous. Clients view their lawyer as a friend and confidante. That creates a dangerous mix of business and personal interests. It's a position of trust. What we worry about is a lawyer taking advantage of that."