This article examines two principal hypotheses: Hypothesis 1: Law firm investments in clients diminish the extent to which those law firms require issuers to disclose adverse information in IPO prospectuses. Hypothesis 2: Those law firms that are willing to invest in their clients are generally less aggressive in requiring their clients, in their IPOs, to disclose adverse information in their IPO prospectuses.
Royce de R. Barondes,
Professionalism Consequences of Law Firm Investments in Clients: An Empirical Assessment, 39 American Business Law Journal 379
Available at: https://scholarship.law.missouri.edu/facpubs/750