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The opinion said lawyers could honor an assignment by the client to repay an advance funding company, but should not issue a letter of protection to the company. The matter began with a requested advisory opinion from the Professional Ethics Committee, which said lawyers could tell clients about advance funding but not issue a letter of protection to the advance funding company. It also says lawyers may tell clients the names of specific companies, but may not issue a letter of protection to the advance funding company, although they can honor such a letter executed by the client. |
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