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Old 01-08-2004, 11:33 PM   #96
Skeks in the city
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Join Date: Oct 2003
Posts: 721
CYA memos

Sebby

Quote:
blah, blah, blah [CYA memos? Won't do em. Period.]
Oh really?

Sometimes clients want a memo to cover their ass, so they have evidence you gave them some advice or other about litigation or a deal. If someone's asking for you or your superior's view on the legal consequences of something, and your analysis requires diligence, your insurance carrier might like you to keep some records of that. If you tell the client there's a serious legal risk in doing something or there potentially is pending further legal or factual diligence or restructuring the deal or the approach to the litigation, your insurance carrier might like some records of that.
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